Bloomberg News

German Stocks Erase Advance as U.S. Retail Sales Miss Forecasts

February 14, 2012

Feb. 14 (Bloomberg) -- German stocks erased their gains as a report showed U.S. retail sales rose less than forecast by economists in January.

The DAX Index fell 5.42, or 0.1 percent, to 6,733.05 as of 2:39 p.m. in Frankfurt, having earlier risen as much as 0.7 percent. The gauge has jumped 14 percent this year amid speculation the global economy will withstand the impact of the euro area’s debt crisis and as central banks acted to fuel growth. The broader HDAX Index was little changed today.

--Editors: Alan Soughley, Andrew Rummer

To contact the reporter on this story: Adam Haigh in London at ahaigh1@bloomberg.net

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


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