Bloomberg News

German Stocks Retreat as Munich Re, Allianz Fall, Linde Climbs

October 25, 2011

Oct. 25 (Bloomberg) -- German stocks dropped as Munich Re and Allianz SE slid, offsetting Linde AG and HeidelbergCement AG which increased.

The DAX Index slipped 0.3 percent to 6,036.04 at 10:29 a.m. in Frankfurt, having earlier risen as much as 0.5 percent and dropped as much as 0.7 percent The benchmark measure had climbed for the past four weeks as investors speculated the leaders of the euro area would deliver a plan to shore up banks’ balance sheets and protect other economies from a possible Greek default. The broader HDAX Index also retreated 0.3 percent today.

--Editor: Will Hadfield

To contact the reporter on this story: Peter Levring in Copenhagen at plevring1@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net


Steve Ballmer, Power Forward
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus