Shutterstock photo(RTTNews.com) - German shares fell slightly on Tuesday as caution crept in ahead of a two-day policy meeting of the Federal Reserve staring later today, with investors looking for hints on future U.S. monetary policy.
The benchmark DAX was down 14 points or 0.11 percent at 12,545 in late opening deals after closing 0.3 percent higher the previous day.
BASF shares were marginally lower. Solvay, a multi-specialty chemical company, has entered into a binding agreement with the German chemical company for the sale of its Polyamides business for an enterprise value of 1.6 billion euros.
The current account surplus increased to a seasonally adjusted 25.1 billion euros in July from 22.8 billion euros in June.
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