DAX drops on World Bank report, but retreats afterwards - News - Dukascopy Bank

Wed, 18 Jan 2012 18:09:08 GMT
Source: Dukascopy Bank
 
© Scanpix/AP
German DAX Index opened 0.3% lower on Wednesday morning on lessened global growth predictions made by World Bank. German benchmark retreated 0.5%  during the day as country performed well in sovereign bond auction and IMF issued announcement it will grant a $1 trillion loan program. On the upside were Henkel AG & Co  and Infineon Technologies AG  adding 2.3% and 2% respectively. Among main decliners were Thyssenkrupp AG and Commerzbank each giving up 3.29% and 2.3%, respectively. At the moment DAX 30 is  0.13% or 7.36 points down at 6,324.40.


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