German DAX drops on auto makers

Note: This section contains information in English only.
Source: Dukascopy Bank
German DAX 30 index dropped 0.5% on Tuesday with all 9 sectors reporting loss, driven by a sharp decline in carmakers share value. BMW AG led the drop for the day, giving up 3%, followed by Volkswagen tumbling 2.5% and Daimler fading 2.6%. Consumer service stocks also showed weak performance as Metro AG lost 2.4% and Deutsche Post edged down 2.3%. At the moment of writing German DAX 30 index is 0.74% or 49.28 points down at 6,715.55.

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