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DAX Slips Into Red On Catalonia Worries

German shares edged lower in cautious trade on Thursday as worries about Catalonia's independence vote from Spain as well as caution ahead of the U.S. government's non-farm payrolls report due out Friday kept investors on the sidelines.

The benchmark DAX was down 15 points or 0.12 percent at 12,954 in late opening deals after rising half a percent on Wednesday.

Engineering firm Siemens shed 0.8 percent after it concluded the sale of its remaining 17 percent stake in Osram Licht. Osram shares fell as much as 3.5 percent.

Dialog Semiconductor shares were marginally lower after the company said it has signed a definitive agreement to acquire privately-held Silego Technology Inc.,

Engine manufacturer Deutz declined 0.6 percent after acquiring its long-standing Italian dealer IML Motori.

In economic news, Germany's construction sector growth softened in September, data from IHS Markit showed today, with the headline PMI dropping to 53.4 from 54.9 in August.

by RTT Staff Writer

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