Weak Christmas season opener at Metro

The price of Metro AG's shares has undergone an unprecedented drop has not seen for three years, after Germany's largest retailer decreased its expectations after the weak opening of the Christmas season, that were mainly due to the adverse currency effects and the deepening of the debt crisis.

Metro's rate fell by 10.0 percent to 33.21 euros. This degree of reduction last time occurred on the 13th of November 2008. The company's shares this year have lost 38 prcent of their value.

On the basis of the recently published expectations stagnation or a slight decline is expected – writes tozsdeforum.hu.