German shares declined on Friday

Source: Dukascopy Bank SA

German equities sank on Friday amid weak China's exports data. Meanwhile, market sentiment remained under notable pressure after the ECB cut its Eurozone's growth outlook for 2013. German DAX Index lost 0.75% to trade at 6,913.63 at the time of writing. Industrials and consumer services were the only two industries that supported the index. ThyssenKrupp was the top-gainer, jumping by 5.88%. The steelmaker announced the first profit in the last four quarters. On the downside were technology and consumer goods. SAP and Adidas retreated by 1.75% and 0.59%. Financials also weighed on the DAX Index, with Commerzbank and Deutsche Bank sliding 2.52% and 1.34%.

 

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