BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks edged up slightly in
cautious trade on Thursday despite the S&P 500 and the Nasdaq Composite logging
a fourth straight day of losses overnight.

The benchmark DAX was up 18 points, or 0.10 percent, at 17,788 after finishing
marginally higher the previous day.

Automakers traded higher despite industry data showing that new car sales in the
EU decreased for the first time in three months in March amid weaker demand
among four major markets.

New car registrations dropped 5.2 percent year-over-year to 1.0 million units in
March, reversing a 10.1 percent surge in February - according to monthly data
from the European Automobile Manufacturers' Association.

BMW rose about 1 percent, Mercedes Benz gained 0.3 percent and Volkswagen added
0.7 percent.

Lab supplies maker Sartorius lost 12 percent after Q1 order intake and revenue
missed analyst expectations.

Sartorius Stedim Biotech plunged 15 percent after the company reported net
profit of 56 million euros for the first quarter, significantly lower than 111
million euros in the same quarter a year ago, primarily due to lower sales
revenue.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX