German stocks were subdued on Thursday despite strong earnings from Commerzbank.
Caution set in after Russian-backed separatists in eastern Ukraine have accused Ukrainian forces of using mortars, grenade launchers and a machine gun in four separate incidents.
The benchmark DAX was down 5 points at 15,365, giving up early gains.
Automakers BMW and Daimler rose over 1 percent each after industry data showed Germany’s car sales advanced 8.5 percent in January.
Commerzbank surged 5 percent after the lender posted better-than-expected fourth-quarter results and painted a rosy outlook for 2022.
Sartorius, a pharmaceutical and laboratory equipment supplier, gained 1 percent after confirming its FY22 outlook.
Drug delivery devices maker Gerresheimer fell nearly 2 percent after its fourth-quarter earnings per share declined 9.4 percent.
Market Analysis
DAX Gives Up Early Gains
2022-02-17 09:24:36
