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DAX Holds Steady In Lackluster Trade
(RTTNews) - German stocks were little changed on Friday as trading resumed after the two-day Christmas break.
The benchmark DAX was marginally higher at 19,862.87 while the euro was seeing marginal gains against the U.S. dollar as the year-end approaches.
Banks traded higher, with Commerzbank rising over 1 percent and Deutsche Bank adding half a percent as German Bund yields hit a one-month high in response to a surge in U.S. Treasury yields, following a successful seven-year auction.
Delivery Hero SE shares slumped 6.5 percent. Taiwan has rejected Uber Technologies Inc.'s plan to acquire the German online takeaway food company's Foodpanda local business for $950 million, arguing it would decrease competition.
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