German Stocks Are Little Changed; RWE, Commerzbank SlideTom Stoukas and Jonathan Morgan
German stocks closed little changed, paring intraday gains, after the benchmark DAX Index completed its first week of losses since July 5.
Deutsche Boerse AG led gaining shares, while RWE AG and Commerzbank AG led decliners.
The DAX added 0.2 percent to 8,259.03 at the close of trading in Frankfurt, paring an earlier advance of as much as 1 percent. The gauge retreated 1 percent last week as some companies posted worse-than-estimated results. The broader HDAX Index also increased 0.2 percent today.
Fewer Americans signed contracts in June to buy previously owned homes in the world’s largest economy, data showed. The index of pending house sales dropped 0.4 percent, less than forecast, to 110.9 in June after climbing a month earlier to the highest level since December 2006, figures from the National Association of Realtors showed today in Washington. The median forecast in a Bloomberg survey of 40 economists called for a 1 percent decline.
The volume of shares changing hands in DAX-listed companies was 31 percent lower than the average of the last 30 days, according to data compiled by Bloomberg.