India, March 20 -- German stocks are sliding down south on Thursday with investors choosing to take profits at several counters after recent gains. The reform plan and the passage of a bill that paves way for the creation of a massive fund for infrastructure and climate spending had pushed up stock prices earlier in the week.
The Federal Reserve held its rate on Wednesday, and the Swiss National Bank lowered its interest rate earlier today. The focus now is on the Bank of England's monetary policy announcement.
The benchmark DAX was down 267.44 points or 1.15% at 23,034.20 a little while ago.
Commerzbank is down more than 5.5%. Daimler Truck Holding is declining 3.7%. BASF, Siemens Energy, Brenntag, Rheinmetall, BMW and Heidelberg Materi...