German equities steady ahead of US job report

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Source: Dukascopy Bank SA
© Scanpix/Reuters
German shares are trading flat on Friday after dismal PMI releases from Spain and Italy. Moreover, traders are cautious ahead of the US key job numbers due later in the day. The DAX Index inched up 0.02% and is currently trading at 7,337.30. Only three in nine sectors included in the index rose. Industrials and consumer goods advanced the most. Continental and Beiersdorf climbed 2.19% and 5.88%. Beiersdorf revised up its full-year sales target after reporting upbeat quarterly results. Meanwhile, ThyssenKrupp rallied 1.35% after receiving an order worth one billion euros to build fertilizer plants in the US. At the same time, telecommunications weighted down on the German blue chips index. Deutsche Telecom plunged 3.04%.


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