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5/4, 1:57 PM (Source: TeleTrader)
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European shares mixed, DAX drops more than 1%

Shares on the major European stock market indexes turned to trading mixed on Tuesday after having started the session slightly above the flatline, with the German DAX losing more than 1% at one point.

With only five of its constituents in the green, the German benchmark was dragged most notably by Deutsche Bank, which dropped more than 1%, and Infineon Technology with its near-4% plummet.

The CAC 40 stood flat at 1:56 pm CET, while the FTSE 100 remained 0.39% above the flatline at the same time, backed by upbeat manufacturing data in the United Kingdom. At 1:57 pm CET, the DAX tumbled 0.99%, or 148 points. The euro lost 0.37% compared to the euro, selling for 1.20202 at 2:00 pm CET, while the pound surrendered 0.35% to the greenback, to go for 1.38616 at the same time.

Breaking the News / BU