German Dax index down on Spanish bad loans

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Source: Dukascopy Bank
German DAX index fell on Wednesday after Spain reported its proportion of non-performing loans versus total lending rallied to 7.91% January, the highest figure since 1994 raising doubts about nation's ability prevent debt turmoil. Banks led the losses with Commerzbank falling 2.63% and Deutsche Bank sinking 2.3%. The only notable gainer was industrial component producer Thyssenkrupp AG which surged 2.3%. At the moment of writing DAX 30 index is 1.19% or 81.08 points down at 6,721.00. 

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