German shares up on hopes for euro economy to recover

Note: This section contains information in English only.
Source: Dukascopy Bank SA
German equities extended their gains for a third straight day, as Mario Draghi, the president of ECB, said the euro economy will inch by inch recover throughout this year and policy makers decreased inflation estimates. The DAX index rose 0.2%, or 11.96 points, to 7,931.28 by 5:12 p.m. in Frankfurt. Six out of nine groups in the index edged higher. Adidas AG was the top performer, as its shares rallied 5.02% after the sporting-goods maker forecast higher revenue and earnings in 2013 and increased its dividend by 35%. The company currently works on widening its product range and appealing to emerging markets. Continental AG followed with a 3.7% rally to pace gains in consumer goods that were 0.6% higher. Merck KGaA soared to its highest price level since 1995 when it went public after the drug maker posted higher than expected earnings. The medical company lifted health care sector 1% higher.


Back to articles

Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.