German equities retreat on weak quarterly results

Note: This section contains information in English only.
Source: Dukascopy Bank SA
German shares sagged on Monday amid on-going worries over Spain and Greece. Dismal earnings reports from the largest European companies added to losses of German shares. The DAX Index dropped 0.46% and is currently trading at 7,198.55. All sectors included in the index plunged. The top-losers were financials and utilities. Deutsche Bank and Commerzbank shed 0.18% and 1.76% while E.ON and RWE dropped 0.65% and 0.95%. ThyssenKrupp sank 3.33% after asking the firms to resubmit their offers for ThyssenKrupp's Americas unit as initial bids were considered to be too low.


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