Germany’s benchmark DAX index continues to slump further

The benchmark DAX index at Frankfurt Stock Exchange on Thursday continued to decline and lost another 41.46 points.

stock market
stock market

The weak economic data from the United States have given rise to the expectations that the Federal Reserve will be reluctant to raise the interest rates easily in 2016.

stock market
stock market

The euro has become stronger, which made some people concerned that the recovery of the euro zone economy might be affected.

The blue-chip DAX index dropped by 0.44 percent and closed at 9,393.36 points.

Thyssenkrupp continued to rise and added 5.2 percent. The utilities company RWE advanced by 3.34 percent. K+S, a supplier of standard and specialty fertilizers, climbed by 3.17 percent. Muenchener Rueckversicherungs-Gesellschaft, a major reinsurance and insurance company, rose by 3.17 percent and Commerzbank went up by 3.11 percent.

On the other hand, Daimler lost 3.22 percent. Fresenius Medical Care plunged by 3.11 percent. Fresenius, a health care group, slipped by 2.44 percent. Infineon Technologies, a semiconductor producer, slid by 2.4 percent and Beiersdorf, a skin care company, went down by 2.36 percent.

Daimler was the most traded share of the day with a turnover of 796.06 million euros (around 872.69 million U.S. dollars). Enditem

Source: Xinhua

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