German DAX index moved lower on Thursday following the cut of US growth forecast by the Federal Reserve. German manufacturing PMI for May dropped to 44.7 versus expected 45.3. Moreover HSBC report showed China's manufacturing kept contracting in May for an eight straight month. German car makers posted the biggest losses with Daimler AG sinking 1.4% and Volkswagen AG giving up 2%. On the upside Deutsche Lufthansa added 2.2%. At the moment of writing DAX 30 is 0.1% or 8 points down at 6,385.