Economics
Most German Stocks Decline as Deutsche Bank Falls; Siemens Rises
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Most German stocks dropped as concern escalated that Europe’s sovereign-debt crisis will harm the economic recovery after Moody’s Investors Service put Spain’s credit rating on review for a possible downgrade.
Deutsche Bank AG lost 1.7 percent, following European banking shares lower. Nordex SE fell 4.5 percent as HSBC Holdings Plc downgraded the maker of wind turbines. Siemens AG limited losses in the benchmark DAX Index after Europe’s largest engineering company said it plans to sell its computer-services unit.