Dax 30 Index


German equities feel the pain from Spain

LONDON | Contagion is an easy-to-spot force. The German stock market DAX 30 Index has since late March declined by 9.2% in euro terms, in an environment where the broader continental market, as represented by the MSCI Europe Index, has fallen by 10.6%. For mere market observers, this drop has followed a period of very strong performance earlier in the year, particularly two months ago, so perhaps a degree of profit-taking…