German Stocks Retreat Before Investor-Confidence Report

German stocks fell before a report that will probably show investor confidence in Europe’s largest economy declined.

Solarworld AG (SWVK) retreated 1.1 percent after Deutsche Bank AG downgraded the maker of solar panels. Axel Springer SE gained 2.5 percent after people familiar with the matter said the newspaper publisher is working with banks on an initial public offering of its digital-classifieds business. Osram Licht AG (OSR) advanced 4.1 percent after Citigroup Inc. recommended buying shares in the maker of light bulbs.

The DAX Index dropped 0.4 percent to 9,300.63 at 10:01 a.m. in Frankfurt, extending the decline from its record on Jan. 17 to 4.6 percent. The broader HDAX Index fell 0.3 percent today.

A report at 11 a.m. will show that German investor confidence slipped to 45 in April from 46.6 in March, according to economists surveyed by Bloomberg. The ZEW Center for European Economic Research’s index aims to predict economic developments six months in advance.

Representatives of the European Union, the U.S., Ukraine and Russia meet in Geneva on Thursday in an attempt to calm the tension in eastern Ukraine. Pro-Russian militias have seized government buildings in towns and cities across the region.

To contact the reporter on this story: Trista Kelley in London at

To contact the editors responsible for this story: Cecile Vannucci at Will Hadfield

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