German Stocks Register a Fall
German Stocks Register a Fall

German stocks registered a fall as Deutsche Post AG posted a fourth-quarter loss and full-year earnings that failed to match estimates and analysts recommended selling Commerzbank AG shares.

DAX Index futures expiring in March plunged by 0.1 percent to 5,866.50 as of 8:13 a. m. in Frankfurt. The benchmark DAX Index closed little changed at 5,875.91 yesterday.

The measure is revealed to have rebounded 59 percent since March 9, 2009, amidst severe low interest rates and as governments worldwide promised to divulge more than $12 trillion to stimulate the economy.

Deutsche Post plunged by 1.1 percent to 12.67 Euros, extending yesterday's 1.6 percent decline.

In addition, the quarterly net loss was reported as 283 million Euros ($385 million) contrasted with a loss of 3.2 billion Euros the previous year, the company said today.

Full-year net income aggregated to 644 million Euros, missing analysts' projection for a 959 million-euro profit in a Bloomberg survey

"Many uncertainties remain about the strength of the economic recovery as well as about political and regulatory issues", Chief Executive Officer Frank Appel said in the statement.

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