On Monday German shares declined after Jens
Weidmann the Bundesbank President denied speculations that ECB will expand its
role after European officials agreed on new fiscal treaty. German DAX 30 lost
1.5% in early afternoon in Frankfurt. Previous week German benchmark edged down
1.6% after ECB rejected conjectures it will stimulate bond purchases. On the
downside were two leading nation's banks, as Commerzbank AG and Deutsche Bank
AG dropped 3.5% and 3.3% respectively. At the moment of writing DAX is
down 1.39% or 83.38 points at 5,903.33.