German Stocks Drop Before Spanish Banks Stress Tests
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German stocks declined, their biggest weekly drop since June, as investors awaited the results of stress tests of Spain’s banks.
HeidelbergCement AG fell 2.2 percent after the stock was downgraded by CA Cheuvreux. Deutsche Lufthansa AG dropped 1.7 percent after the airline’s chief executive officer said its cost-cutting program will fail to improve earnings this year. ThyssenKrupp AG rose 0.8 percent after selling its tailored blanks unit for an undisclosed price.