DAX 30 declines as European banks come under pressure - News - Dukascopy Bank

Thu, 05 Jan 2012 13:45:36 GMT
Source: Marketwatch
 
© Scanpix/AP
German DAX index continued to fall for a second straight session on Thursday on rebounded concerns about the stability of European banks. After slipping 0.9% on Wednesday, German benchmark index extended its drop giving up 0.6% as local banks reported losses and retail industry showed a decline on November. Deutsche Bank AG lost 5.1% and Commerzbank AG dropped 4.2%. Among other decliners was also Heidelbergcement AG giving up 3%, after the company was downgraded by Credit Suisse. 

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