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DAX Closes Lower as German Stocks Drop 0.32%

At the close of trading in Frankfurt, the DAX index was down 0.32%. Losses in the Construction, Retail and Industrials sectors led shares lower. Commerzbank AG O.N. (ETR:CBKG) was the best performer, rising 2.37% or 0.23 points to 10.02. The worst performer was Munich Reinsurance (ETR:MUVGn), which fell 1.71% or 5.80 points to 333.70.

On the MDAX, Fraport AG (ETR:FRAG) rose 2.98% to 50.46, while the worst performer was Delivery Hero AG (ETR:DHER), which was down 6.19% to 37.11. On the TecDAX, Atoss Software AG (ETR:AOFG) was the top performer, rising 2.42% to 203.00, while SMA Solar Technology AG (ETR:S92G) was the worst, falling 4.37% to 100.60.

The DAX volatility index, which measures the implied volatility of DAX options, was up 4.15% to 16.58. Gold Futures for June delivery was down 0.03% or 0.65 to $1,980.95 a troy ounce. Crude oil for delivery in July rose 0.96% or 0.69 to hit $72.38 a barrel, while the July Brent oil contract rose 0.97% or 0.73 to trade at $76.31 a barrel. EUR/USD was unchanged 0.07% to 1.08, while EUR/GBP unchanged 0.20% to 0.87. The US Dollar Index Futures was unchanged 0.00% at 103.08.