DAX 30 pares gains from investor confidence index

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Source: Dukascopy Bank
German DAX index moved in both directions on Tuesday supported by unexpected jump in investor confidence and weighted down by Moody's and weaker US retail sales. Despite reporting a big decline in 2011 profit, MAN SE rallied 1.5% as its CFO H. Lutz claimed the company has a notable growth potential in medium and long run due to the collaboration with Volkswagen AG. Deutsche Boerse AG climbed after 0.5% after the firm said it returned to profit in 4th quarter. At the moment of writing DAX 30 is 0.25% or 17.40 points down at 6,722.32. 

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