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Germany's benchmark DAX index slips

Xinhua, February 7, 2015 Adjust font size:

The benchmark DAX index at the Frankfurt Stock Exchange on Friday fell by 0.54 percent and closed at 10905.41 points.

Solid job growth and wage gains in the United States have had a positive impact on the German stock market. However, the data were not sufficient to carry the Dax into positive territory, analysts say.

Investors are still worried about geopolitical crisis, after German Chancellor Angela Merkel has recently expressed caution about the prospects of the mediation mission in Ukraine, according to analysts.

Commerzbank AG topped the list of risers, adding 0.90 percent. Deutsche Börse AG and Volkswagen AG Vz advanced by 0.80 percent and 0.73 percent, respectively. The chemical group LANXESS AG and Deutsche Telekom AG went up by 0.57 percent and 0.35 percent, respectively.

Deutsche Lufthansa AG went down by 2.39 percent. Fresenius SE & Co. KGaA, a diversified health care company, slided by 2.29 percent. Bayer AG, ThyssenKrupp AG and Fresenius Medical Care AG & Co lost 2.00 percent, 1.50 percent and 1.34 percent, respectively.

The turnover stood at 3. 26 billion euros (about 3.69 billion U.S. dollars). Daimler AG was the most traded share of the day with a turnover of 309. 38 million euros. (1 euro = 1.13 U.S. dollars) Enditem