German DAX Index Pares Gains After ZEW Index; Siemens Drops as Bayer Rises

(Bloomberg) -- German stocks erased earlier gains
after investor confidence in the country unexpectedly fell in
June. Siemens AG declined, while Bayer AG and SAP AG paced
rising shares.

The benchmark DAX Index dropped 8.40, or 0.1 percent, to
8027.72 at 11:31 a.m. in Frankfurt, ending a four-day winning
streak. DAX futures expiring in September also lost 0.1 percent.
The HDAX Index of the country's 110 biggest companies decreased
0.1 percent.


Read more at Bloomberg Stocks News