VIENNA (dpa-AFX) - German shares traded slightly higher in choppy trade Tuesday, as Commerzbank reported a drop in second-quarter operating profit and Japanese finance minister Taro Aso said the government was yet to decide on the size of a recently announced economic stimulus package.
The Federal Reserve kicks off its two-day policy meeting later today, with markets looking for clues to future action. The Bank of Japan is due to announce its monetary policy decision on Friday.
The benchmark DAX was up 13 points or 0.13 percent at 10,211 in late opening deals after hitting as low as 10,150 in early trade. The index rose half a percent in the previous session in response to better-than-expected German business sentiment data.
Commerzbank tumbled 5 percent after a warning that its capital position had weakened in the second quarter as a result of accounting adjustments to reflect operational risks to banks across the industry.
Kontron shares plunged 9 percent. The embedded computer technology firm withdrew its annual profit guidance and dismissed Rolf Schwirz as chief executive after its Q2 loss widened from last year.
Aircraft engine manufacturer MTU Aero Engines soared 6 percent on reporting a surge in first-half profit.
Copyright RTT News/dpa-AFX