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DAX falls below 10,000

May 03, 2016 4:08 AM ETDeutsche Lufthansa AG (DLAKY) StockEWG, GF, DLAKY, BMWYY, BAMXF, DLAKF, EWGS, FGM, DBGR, DXGE, HEWG, QDEU, DAXBy: Yoel Minkoff, SA News Editor
  • 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

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