German stocks slide, financials weight

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Source: Dukascopy Bank SA

German equities halted previous rally on Thursday ahead of the FOMC report indicating future actions of the Fed. Experts expect the Fed to embark on QE3. Even rising optimism over Eurozone after the German Constitutional Court's ruling failed to buoy the index. The German DAX Index tumbled 0.69% to trade at 7,305.20. All but one business sectors included in the German blue chips index dropped. The only gainer was health care sector, with Fresenius Medical Care AG adding 0.05%. At the same time, lenders weighted down on the German stock index, declining by 1.45%. Commerzbank and Deutsche Bank lost 2.16% and 1.91%.

 

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