German Stocks Fall Third Day as Investors Await U.S. Data

German stocks fell for a third day as investors awaited reports on U.S. retail sales and jobless claims amid speculation the Federal Reserve may begin paring stimulus measures sooner than forecast.

Lanxess AG (LXS) slipped 2.2 percent, for the biggest decline on the benchmark measure, as a gauge of chemical companies dropped on the Stoxx Europe 600 Index. Metro AG (MEO) gained 2.3 percent after the retailer forecast an increase in earnings before interest and taxes in 2014 from this year.

The DAX Index (DAX) slipped 0.4 percent to 9,037.13 at 11:15 a.m. in Frankfurt. The benchmark has gained 19 percent this year as central banks around the world pledged to leave interest rates near record lows for a prolonged period of time. The broader HDAX Index also slipped 0.4 percent today.

A report at 8:30 a.m. from the Commerce Department in Washington may show U.S. retail sales rose 0.6 percent in November, the most since June, according to the median estimate in a Bloomberg survey. Separate data at the same time may show initial jobless claims increased to 320,000 in the week ended Dec. 7 from 298,000 in the previous week.

The U.S. central bank may consider reducing its $85 billion of monthly bond purchases at its Dec. 17-18 meeting, according to 34 percent of economists surveyed Dec. 6 by Bloomberg, up from 17 percent in a Nov. 8 poll.

To contact the reporter on this story: Trista Kelley in London at tkelley2@bloomberg.net

To contact the editor responsible for this story: Cecile Vannucci at cvannucci1@bloomberg.net

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