Germany's DAX Index Decreases; Shares of Allianz, E.ON Pace the Drop

(Bloomberg) -- Germany's benchmark index dropped for
the first time in three days, led by Allianz SE after Merrill
Lynch & Co. removed the stock from its ``most preferred'' list.
E.ON AG, the Germany's largest utility, also fell.

The DAX Index lost 52.03, or 0.7 percent, to 7955.29 at
9:56 a.m. in Frankfurt. DAX futures expiring in September fell
0.6 percent to 8029. The HDAX Index of the country's 110 biggest
companies retreated 0.6 percent.


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