German equities down as Commerzbank shares fall unexpectedly

Note: This section contains information in English only.
Source: Dukascopy Bank SA
German equities fluctuated between gains and losses close to their highest level in five years, yet declining 0.4% to 7,954.79 by 5:09 p.m. in Frankfurt. Five out of nine groups in the index retreated. However, consumer services jumped 2.8% for the biggest advance in the index lifted by Deutsche Lufthansa AG shares that were 3.3% higher. This week Lufthansa's pilots picked up the first Airbus A320 equipped with extended wingtips also known as sharklets that are designed to curb fuel consumption. It is projected that the new equipment will help to reduce CO2 emissions by around 1000 tons per one aircraft in a year. Furthermore, Linde AG inched up 1.4% to cap further losses in basic materials. On the downside, Commerzbank AG tumbled 3.3% after earlier gaining 3.1%, as report was released saying the German lender has mandated Deutsche Bank and UBS to increase their capital by 10%. RWE AG followed with a 2% slump.


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Tue, 12 Mar 2013 18:56:04 GMT

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