After two day gains German DAX Index dropped as Standard
& Poor's positioned Germany and 14 other Euro-region countries
on monitoring for potential rating downgrades. DAX lost 0.7% reaching 6,062.66
led by RWE AG, German 2nd largest utility company which plunged 9.1% after it
had to raise $2.8 bn in a stock sale to lower debt. Metro
AG (MEO) fell 9.9% after retail firm cut its profit outlook. Deutsche Bank AG
(DBK) and Commerzbank AG (CBK) both declined about 1%.