Germany’s DAX made the most in loss section in the past two weeks. The index is down as the Deutsche Telekom AG and Morgan Stanley had cut their share-price estimate for Europe’s largest phone company. Automobile Sales in U.S has gone down for a fifth straight month in March and this has led to the Car-makers loss in Germany. The DAX index was down by 1.5 percent. Deutsche Telekom dropped three percent and the Morgan Stanley reduced the share price estimate by 6.5 percent. I think Germany's DAX will definitely retain its original position.
Monday, March 31, 2008
Germany’s DAX …down
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