DAX 30 index surges on better unemployment data

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Source: Dukascopy Bank
German DAX 30 index recovered after previous choppy session and jumped 0.9% on Tuesday, supported by financials and carmakers. The index got the upward momentum, after German national statistics office reported 20-year record low unemployment level for January. Commerzbank surged 3% and Deutsche Bank added 0.6%. Meanwhile, BMW AG gained 2.81% and MAN SE advanced 2.84%. On the downside Deutsche Telekom edged down 0.8%. At the moment of writing German DAX is 1.01% or 65.33 points up at 6,509.78.

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