German Stocks Pare Gains; DAX Index Is Little Changed
German stocks were little changed, after the DAX Index yesterday fell the most in more than two weeks, as investors awaited a U.S report on existing-home sales.
SGL Carbon SE slumped 6.3 percent after UBS AG said the maker of carbon fibers may face another year of net losses and no dividends. Volkswagen AG rose 1 percent, limiting losses for the DAX.
The DAX lost 0.1 percent to 9,607.06 at 9:48 a.m. in Frankfurt. The HDAX Index also slipped 0.1 percent.
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