German shares close lower as subprime worries continue |
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Published
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Thu, 26 Jul 2007 17:25 |
FRANKFURT (Thomson Financial) - German shares closed lower as Wall Street opened in negative territory and dealers pointed to continued worries about effects from the US subprime and real estate sectors as well as US economic data raising fears of interest rate increases.The DAX closed 183.59 points or 2.39 pct lower at today's lowest level of 7,508.96, down from today's high of 7,731.17.The MDAX was down 311.26 or 2.87 pct at 10,534.20 points, while the TecDAXdropped 24.32 or 2.63 pct at 899.45 points.DAX futures were down 202.50 points or 2.60 pct at 7,577.50, while bund futures gained 0.77 points or 0.69 pct to 112.92 points.The euro was trading at 1.3725 usd, against 1.3720 usd in afternoon London trade.judith.csaba@thomson.comjcs/slmCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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