German stocks decline after Spain's job data

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Source: Dukascopy Bank SA
German stocks are trading lower on Monday ahead of the US presidential elections due on Tuesday. Disappointing data from Spain also created heavy pressure on German blue chips. Spain's Employment Ministry announced that the number of people without job soared by 128,200 last month, confronting expectations for a rise of 90,500. The DAX Index sank 0.52 and is currently trading at 7,325.40. Only two in nine sectors included in the index gained. Health care companies as well as financials were the top-performers. Fresenius Medical Care and Merck added 0.83% and 0.43% while Deutsche Boerse climbed 2.56%. At the same time, telecommunications and consumer goods were the worst-performers. Deutsche Telecom shed 1.10% while Adidas plunged 0.67%.


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