Most German Stocks Decline Before Industrial-Output Data

Most German stocks declined, with the benchmark DAX (DAX) Index retreating for a second day, as investors weighed earnings and awaited data that may show euro-area industrial output fell.

Hamburger Hafen & Logistik AG, the handler of about three in four containers at Hamburg’s port, fell 3.8 percent after posting lower nine-month profit. ProSiebenSat.1 Media AG slid 4.6 percent after KKR & Co. and Permira Advisers LLP sold 35 million shares in the broadcaster. Hochtief AG (HOT) rose 2.4 percent after reporting an increase in nine-month pre-tax profit.

The DAX fell 0.2 percent to 9,062.74 at 9:39 a.m. in Frankfurt, with almost three stocks falling for each one that advanced. The gauge rose 0.8 percent last week after better-than-forecast U.S. economic growth and payrolls data. It has gained 19 percent this year as central banks around the world pledged to leave interest rates low for a prolonged period. The broader HDAX Index also dropped 0.2 percent today.

A report at 11 a.m. in Luxembourg may show industrial output in the 17-nation euro area slipped 0.3 percent in September, after increasing 1 percent in the prior month, according to economists surveyed by Bloomberg.

To contact the reporter on this story: Jonathan Morgan in Frankfurt at jmorgan157@bloomberg.net

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

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