Monday, July 2, 2007

Germany's DAX Index Drops, Led by Allianz on Removal From Merrill List

(Bloomberg) -- Germany's benchmark DAX index fell for
the first time in three days, led by Allianz SE after Merrill
Lynch & Co. removed the stock from its ``most preferred'' list.

The DAX Index lost 49.08, or 0.6 percent, to 7958.24. DAX
futures expiring in September fell 0.6 percent to 8029 at 5:50
p.m. in Frankfurt. The HDAX Index of the country's 110 biggest
companies retreated 0.4 percent. The TecDAX Index of 30
technology companies jumped 2.8 percent to a five-year high at
958.58, led by a surge in Solarworld AG after the company said it
expects to double its annual production capacity.


Read more at Bloomberg Stocks News

No comments: