German stocks fluctuate after previous losses

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Source: Dukascopy Bank SA

German shares advanced on Tuesday, erasing previous losses on dismal German Ifo business climate data. However, anticipation of key US data due later in the day capped the upswing of German equities. The DAX Index climbed 0.11% to trade at 7,421.30. Five out of nine sectors included in the index inched up.  Leading the gains of German stock index, technology and health care sectors jumped 0.69% and 0.48%. SAP and Fresenius Medical Care AG & Co gained 1.12% and 0.05%. At the same time, telecommunications and consumer goods weighted down on the stock index. Deutsche Telekom slid 1.48%. On the downside was also Daimler, falling by 2.54% amid weakness of the automobile sector.

 

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Tue, 25 Sep 2012 15:21:23 GMT

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