German Stocks Decrease as Bernanke Damps Speculation of Further Stimulus

German stocks declined as the benchmark DAX Index fell 0.6 percent to 6,846.51 at 4:52 p.m. after Federal Reserve Chairman Ben S. Bernanke’s remarks to Congress damped speculation of more quantitative easing.

The index of 30 companies traded on the Frankfurt Stock Exchange erased an earlier gain of as much as 1.2 percent after the European Central Bank alloted 529.5 billion euros to 800 financial institutions in 3-year loans.

To contact the reporter on this story: Peter Levring in Copenhagen at plevring1@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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