German DAX edges lower after US jobs report

German DAX index traded mixed on Thursday. It climbed in the first half of session but retreated later as US jobless claims unexpectedly increased to 386 000 last week. Carmakers and financials led the losses for the index. BMW AG and Daimler AG each dropped 0.5% and 2.2% respectively while Commerzbank and Deutsche Bank slipped 1.3% and 0.8%. Beiersdorf jumped 2.4% after Exane BNP Paribas raised the cosmetics firm from neutral to outperform. At the moment of writing DAX 30 index is 0.29% or 19.6 points down at 6,714.33.