India, May 14 -- German stocks are down in negative territory on Wednesday with investors mostly making cautious moves after recent gains in the wake of the U.S. and China striking a trade deal, and somewhat soft U.S. consumer price inflation data.
The benchmark DAX, which dropped to 23,447.10 earlier in the session, was down 99.47 points or 0.42% at 23,520.12 a little while ago.
Brenntag is down more than 4% after the company reported lower earnings for the first-quarter of its current financial year. Brenntag reported profit before tax of 192.7 million euros for the first quarter, lower than 205 million euros in the same quarter a year ago.
Net profit declined to 134.4 million euros or 0.93 euros per share from 141.4 million euros or 0...