Plus   Neg

DAX Edges Lower Ahead Of US Bank Earnings

German shares were subdued on Thursday, with banks declining ahead of third-quarter earnings from U.S. banking giants due this week.

Also, ECB President Mario Draghi and several other ECB members are set to speak at the IMF's annual meeting in Washington D.C.

The benchmark DAX was down 12 points or 0.09 percent at 12,958 after rising 0.2 percent in the previous session.

Commerzbank slid 0.2 percent and Deutsche Bank shed 0.6 percent after the European Commission proposed new measures to strengthen the EU banking sector against future crises.

BASF declined 0.4 percent after saying it is recalling around 5,000 tons of its chemical precursor TDI.

Energy firm Innogy rose 0.4 percent after it bought Statkraft's 50 percent share in the Triton Knoll offshore wind project.

Lufthansa was up more than 3 percent. The airline said it would sign an agreement to buy large parts of the bankrupt carrier Air Berlin.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Market Analysis

Follow RTT