German Stocks Drop Before Investor-Confidence Report
German stocks declined, snapping a three-day rally, as SAP AG and K+S AG (SDF) dropped, outweighing a survey that signaled investor confidence in Europe’s largest economy may have increased to a four-year high.
SAP AG retreated 1 percent after Salesforce.com Inc.’s profit forecast missed analysts’ projections. K+S fell 3.1 percent as a planned deal by Billionaire Mikhail Prokhorov to purchase a stake in OAO Uralkali was seen failing to restore potash prices.
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