DAX 30 index drops on US jobless claims report

Source: Dukascopy Bank SA
DAX 30 index surged at the beginning of Thursday's session on better than expected retail sales data. However, German benchmark index gave up all the morning trade gains after US data showed US unemployment claims jumped to 383,000 last week instead of expected drop. Moreover another report showed US economy grew less at in the first quarter reaching only a 1.9% expansion compared to previously estimated gain of 2.2%. At the moment of trading DAX index trades 0.1% or 5.4 points down at 6,275.

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