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Germany's benchmark DAX index closed down on Friday

Xinhua, December 3, 2016 Adjust font size:

The benchmark DAX index at Frankfurt Stock Exchange on Friday lost 20.70 points, or 0.20 percent, and closed at 10,513.35 points. The Index fell 1.7 percent for the week.

Friday was the last trading day before the Italian referendum on its constitutional reform, and the market was dominated by wait-and-see mood.

U.S. nonfarm payrolls rose 178,000 in November, and the unemployment rate fell to 4.6 percent, the lowest level in nine years, making interest rate hike by the Federal Reserve more likely this month.

Germany's largest two banks Commerzbank and Deutsche Bank dropped the most by 1.98 percent and 1.95 percent respectively, as risk-off mood persisted before the December 4 referendum in Italy and set bank stocks under pressure.

German television group ProSiebenSat.1 led gains by 0.81 percent.

SAP was the most traded stock of the day with a volume of 252.48 million euros (268.69 million U.S. dollars). Enditem