- Germany's DAX has dipped below the 10K mark, weighed down by the Q1 results of big corporate names including Lufthansa (OTCQX:DLAKY), BMW (BAMXY) and Commerzbank.
- Pricing pressure took its toll on Lufthansa, driving the airline to scale back its capacity growth plans, as the terror attacks in Paris and Brussels affected bookings.
- BMW managed to beat expectations on its margin level but missed on earnings before interest and tax, as a record quarter for luxury car sales failed to offset currency headwinds.
- DAX -1.6% to 9,950.
- ETFs: EWG, DAX, GF, DXGE, DBGR, HEWG, EWGS, FGM, QDEU
DAX falls below 10,000
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Symbol | Last Price | % Chg |
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DLAKY | - | - |
Deutsche Lufthansa AG |