German shares head for a decline

Note: This section contains information in English only.
Source: Dukascopy Bank SA
German shares slightly decreased, as ThyssenKrupp AG and RWE AG declined and offset hopes for Japanese monetary stimulus launch to accelerate the pace of growth for economic recovery in Germany. The DAX index eased 0.1% to 7,699.95 by 17:00 p.m. in Frankfurt. Five out nine groups in the index edged lower. Commerzbank shares erased 4%, the most in three weeks, pacing losses in the financials group. Furthermore, RWE slid around 2% to 30.10 euros, showing the lowest intra-day price in 6 months. Meanwhile, Volkswagen advanced 1.47%, the most in the index, as the car manufacturer announced its passenger cars brand has achieved a sales record in 2012, mainly prompted by growing demand for the new Golf model. Furthermore, among best performers were also SAP AG and Deutsche Post that added1.19% and 1.16%, leading gains in the consumer services shares.


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