German stocks slipped on Wednesday amid growth worries after big U.S. banks cautioned of a likely recession next year.
Closer home, German industrial production fell less than expected in October, data released earlier today showed.
Output dipped 0.1 percent month-on-month in October versus expectations for a 0.6 percent drop.
On an annual basis, production was flat in October following a 3.1 percent increase the month before.
The benchmark DAX slipped 20 points, or 0.1 percent, to 14,323 after losing 0.7 percent the previous day.
MorphoSys AG jumped 3.2 percent after signing a licensing deal with Novartis for a cancer program.
Klöckner & Co. fell over 1 percent. The company said it has received the first CO2-minimized stainless-steel coil from Outokumpu.
Market Analysis
DAX Dips On Growth Worries
2022-12-07 08:53:04
