By RTT News, September 20, 2013, 05:53:00 AM EDT
(RTTNews.com) - German stocks eased slightly from a record high reached on Thursday as investors adopt a cautious stance ahead of this weekend's elections in Germany. Traders are booking partial profits following the Fed-inspired rally the day before.
The Asian markets ended mostly lower, reflecting uncertainty about the Fed's future course of policy, while trading in the U.S. index futures point to a mixed opening as investors await speeches by several Fed officials for fresh clues on the interest rate outlook.
The German DAX is currently down 5 points or 0.06 percent at 8,689.
Elsewhere, the U.K.'s FTSE 100 is down 0.1 percent, while France's CAC 40 is rising 0.1 percent.
RWE is tumbling 3.5 percent after the utility said it would reduce dividend payments in light of the deterioration in the earnings prospects of its conventional electricity generation business.
Sportswear maker Adidas AG is plunging 4.5 percent. The company said that it now expects a low-single-digit currency-neutral sales increase for fiscal 2013 versus low-to mid-single digit increase for the full year announced previously.
Deutsche Boerse is rising 2.6 percent on a brokerage upgrade.
Deutsche Telekom is moving up 0.8 percent after Sprint Corp and T-Mobile US Inc. decided not to participate in Canada's upcoming spectrum auction.
Bilfinger is losing 0.6 percent on news that the builder plans to cut 1,250 jobs worldwide as part of efforts to improve its operational efficiency and generate cost savings.
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