Germany's DAX 30 down as Fed rejects additional quantitative easing

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Source: Marketwatch
German DAX 30 index lost about 1% reaching 5,723.65 on Wednesday led by car makers after news that Fed will not provide additional quantitative easing. Volkswagen AG and BMW AG dropped 2% and 4% respectively, while Daimler AG tumbled 2.3%. Retailer Metro AG declined 2.3%. German markets took little relief from debt auction where 2-year bills produced record low yield of 0.29%. German benchmark index so far has faded 17% on yearly basis. At the moment of writing DAX 30 is down 1.28% or 73.94 points at 5,700.03.

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