Deutsche Bank drops out of Euro Stoxx 50 index

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Deutsche Bank must leave the Euro Stoxx 50, Europe’s most important blue-chip stock index, by the end of the month, Germany’s largest bank confirmed on Tuesday.

Deutsche Bank hereby responded to the publication of the new composition of the index by Stoxx Ltd., the index arm of German stock exchange operator Deutsche Boerse. Given a steep fall during Deutsche Bank’s market capitalization in recent years, the Frankfurt-based lender is no longer included in the list of Europe’s 50 most valuable publicly-listed companies as of September 24.

The Euro Stoxx 50 has traditionally included several corporate heavyweights from Germany, including the business software provider SAP, the Siemens industrial group and luxury carmaker Daimler. The energy company E.ON will be demoted alongside Deutsche Bank in September as well, while industrial gas producer Linde is set to rise into the index ahead of its merger with U.S. rival Praxair…

Read more : Xinhuanet, 04.09.2018