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DAX Marginally Lower In Choppy Trade; Software AG Shares Soar

German shares were little changed in choppy trade on Friday as investors awaited Sunday's first round of the French presidential election. The race is so close to call, although it appears that centrist candidate Emmanuel Macron is pulling ever-so-slightly ahead.

The German DAX was down 11 points or 0.09 percent at 12,016 in opening deals after closing marginally higher the previous day.

Software AG shares jumped over 7 percent after the company reported a smaller-than-expected decline in quarterly core profit and confirmed its 2017 outlook.

In economic releases, Eurozone private sector growth hit a fresh six-year high in April, survey results from IHS Markit showed today.

The flash composite output index rose unexpectedly to 56.7 from 56.4 in March as growth accelerated in both manufacturing and services.

German private sector expanded strongly in the month despite slower rises in both manufacturing output and services activity. The flash composite output index dropped to 56.3 in April from March's six-year high of 57.1.

by RTT Staff Writer

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