DHL shares slip on negative read-across from FedEx's outlook miss

Shares of German logistics company DHL DHLn.DE fall nearly 2% as US peer FedEx Corp's FDX.N signals caution for the year ahead and forecasts current-quarter profit short of market expectations

The U.S. company did not provide FY earnings and revenue outlook, citing uncertainty over U.S. trade policies, particularly with regard to China

"Limited but surely no positive X-read," a local trader says

The stock, which has gained 12.9% year-to-date including today's session, hits the bottom of Germany's blue-chip index .GDAXI and is among the worst performers of the pan-European STOXX 600 .STOXX index