German shares little changed on US fiscal uncertainty

Note: This section contains information in English only.
Source: Dukascopy Bank SA
German shares are swinging between gains and losses on Thursday as market players are increasingly concerned about uncertainty surrounding US budget talks. The DAX Index is trading 0.03% higher at 7,671.58. Five out of nine industries included in the index were bullish. The top gainers were industrials and utilities. Among industrials, Deutsche Post and Volkswagen jumped 0.39% and 0.73%. Meanwhile, REW added 0.46%. On the downside was ThyssenKrupp, declining 1.24% after Deutsche Bahn filed a lawsuit against a group of steelmakers, including ThyssenKrupp. Deutsche Bahn accuses steelmakers of unreasonably inflating track prices. Technology and telecommunication equities also slumped. Infineon Technologies and SAP slid 0.94% and 0.03%. Among telecommunications, Deutsche Telekom tanked 0.35%.


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Thu, 20 Dec 2012 13:50:50 GMT

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