Germany stocks lower at close of trade; DAX down 2.56%

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At the close in Frankfurt, the DAX declined 2.56%, while the MDAX index fell 1.15%, and the TecDAX index declined 0.53%.

The best performers of the session on the DAX were Fresenius Medical Care KGAA ST (DE:FMEG), which fell 0.34% or 0.250 points to trade at 72.870 at the close. Meanwhile, Merck KGaA (DE:MRCG) fell 0.53% or 0.57 points to end at 106.33 and SAP SE (DE:SAPG) was down 0.76% or 0.810 points to 105.880 in late trade.

The worst performers of the session were Continental AG O.N. (DE:CONG), which fell 7.28% or 5.63 points to trade at 71.74 at the close. Daimler AG NA O.N. (DE:DAIGn) declined 6.42% or 1.970 points to end at 28.710 and Deutsche Bank AG NA O.N. (DE:DBKGn) was down 6.35% or 0.413 points to 6.093.

The top performers on the MDAX were United Internet AG NA (DE:UTDI) which rose 4.95% to 34.360, TeamViewer AG (DE:TMV) which was up 2.64% to settle at 45.16 and Sartorius AG VZO O.N. (DE:SATG_p) which gained 2.39% to close at 300.000.

The worst performers were Hugo Boss AG NA O.N. (DE:BOSSn) which was down 7.64% to 22.850 in late trade, Commerzbank AG O.N. (DE:CBKG) which lost 7.09% to settle at 2.986 and Prosiebensat 1 Media AG (DE:PSMGn) which was down 6.56% to 10.3250 at the close.

The top performers on the TecDAX were Drillisch AG (DE:DRIG) which rose 5.08% to 22.340, United Internet AG NA (DE:UTDI) which was up 4.95% to settle at 34.360 and TeamViewer AG (DE:TMV) which gained 2.64% to close at 45.16.

The worst performers were Jenoptik AG (DE:JENGn) which was down 4.73% to 20.960 in late trade, Morphosys AG O.N. (DE:MORG) which lost 4.64% to settle at 114.500 and Aixtron SE (DE:AIXGn) which was down 3.58% to 9.220 at the close.

Falling stocks outnumbered advancing ones on the Frankfurt Stock Exchange by 546 to 138 and 57 ended unchanged.

Shares in TeamViewer AG (DE:TMV) rose to all time highs; rising 2.64% or 1.16 to 45.16. Shares in Sartorius AG VZO O.N. (DE:SATG_p) rose to all time highs; up 2.39% or 7.000 to 300.000. Shares in TeamViewer AG (DE:TMV) rose to all time highs; up 2.64% or 1.16 to 45.16.

The DAX volatility index, which measures the implied volatility of DAX options, was up 15.28% to 35.31.

Gold Futures for June delivery was up 0.53% or 9.00 to $1715.80 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in June fell 1.44% or 0.37 to hit $25.41 a barrel, while the July Brent oil contract fell 2.17% or 0.65 to trade at $29.33 a barrel.

EUR/USD was down 0.24% to 1.0819, while EUR/GBP unchanged 0.00% to 0.8844.

The US Dollar Index Futures was up 0.29% at 100.243.