DAX drops as creditors push Greece for higher coupon

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Source: Dukascopy Bank
German DAX Index climbed 0.5% on Monday, but pulled back 1.1% to 6,365.95 during Tuesday session, pushed down by domestic banks. DAX index posted loss, as private creditors put pressure on Greek officials to raise coupon rate above 4%. Commerzbank gave up 4%, and Deutsche Bank dropped 3.3%. Siemens AG declined 3.6% after reporting a fall in earnings. At the moment of writing DAX index is 1.04% or 65.24 points down at 6,365.95. 

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