Germany's DAX index hits one-year low

Germany's DAX index has fallen to a near one-year low.

Germany's DAX index has fallen to a near one-year low.

Published Oct 10, 2014

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Paris - Germany's DAX index sank to a near one-year low on Friday, knocked down by rising worries about the strength of Europe's biggest economy following a raft of bleak macro data.

The index fell 1.1 percent to 8,904.29 points, piercing below its August low and falling to levels not seen since late October 2013.

The DAX - which has been the euro zone's best-performing stock index in the five years since Lehman Brothers collapsed - is lagging all other major markets so far this year, losing 6.7 percent, while the pan-European FTSEurofirst 300 is down 1 percent.

The German market's sell-off comes on the back of this week's grim data showing German exports in August fell the most since January 2009 and industrial orders and output steeply dropped. - Reuters

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