German equities bearish on Thursday

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Source: Dukascopy Bank SA
German stocks are trading in red on Thursday amid weak national data and concerns that the Fed may stop its bond-buying activities soon. German flash manufacturing PMI rose to 50.1 from 49.8 this month, missing estimates of 50.4. Moreover, German flash services PMI dropped to 54.1 in February from 55.7 in January. The DAX Index declined 1.76% and is currently trading at 7,592.84. All companies included in the index dropped. The top-losers were financials and consumer goods. Commerzbank and Deutsche Boerse slid 2.59% and 1.51%, while Beiersdorf and Henkel AG & Co sagged 0.31% and 1.30%. Other notable losers were ThyssenKrupp and Continental, plunging 3.19% and 2.72%. Deutsche Lufthansa prolonged its slump, easing 0.83%, after announcing on Wednesday that it will suspend its dividend for the first time in two years.
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