Around the World's Markets: Frankfurt
GERMAN stocks fell for a second successive day, with weak first quarter corporate earnings dragging down the main indices. The electronic Xetra Dax dropped 29.66 points, or 0.55 per cent, to 5,323.06. The floor Dax closed 0.27 per cent lower at 5,334.42.
Among companies reporting disappointing earnings were the chemicals group Hoechst, which fell 3.3 per cent to 42.5 euros, and the airline Lufthansa, which said pre-tax profit in 1999 was likely to be lower than in 1998.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies