german benchmark dax index falls on weak economic data
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

German benchmark DAX index falls on weak economic data

Arab Today, arab today

Arab Today, arab today German benchmark DAX index falls on weak economic data

DAX index
Frankfurt - XINHUA

The benchmark DAX index at the Frankfurt Stock Exchange on Friday lost 189.11 points and closed at 9,648.5 points.
Weak economic data from Germany together with a concern that the Federal Reserve of the United States may make a rate hike earlier than expected on back of strong labor market brought the blue-chip index down by 1.92 percent, according to the German business daily Handelsblatt.
Yet two out of the 30 DAX member shares managed to rise. Henkel AG & Co. KGaA Vz, a home care company, advanced by 0.86 percent. Merck KGaA, a pharmaceutical and chemical company added 0.8 percent.

 

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