FRANKFURT (dpa-AFX) - Rising oil prices and disappointing quarterly results from several major US tech giants soured the mood for investors on the German stock market at the start of the final session of this holiday-shortened trading week. Market participants are also focused on a deluge of German corporate earnings and the European Central Bank (ECB) interest rate decision due Thursday afternoon.
The Dax slumped 0.9 percent to 23,750 points in the opening minutes of trading. This suggests a weekly loss of approximately 1.5 percent for the benchmark index. The MDax, which tracks mid-cap stocks, fell 0.5 percent to 29,859 points on Thursday. The Eurozone's blue-chip EuroStoxx 50 index shed 1.0 percent./edh/zb
