DAX index erases some of its gains as ECB and German government express concerns over Greece

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Source: Dukascopy Bank
German DAX 30 index retreated and climbed 0.7% on Wednesday, lifted mainly by financials. Deutsche Bank AG  added 1.7%, while Commerzbank AG  jumped 8% after its Polish division reported a 46% increase in 4th quarter profit. Car maker Daimler AG advanced 1% ahead of its earnings report due tomorrow. DAX 30 erased some of its gains after ECB said it postpone the supporting of Greece and German government announced it considers a parliamentary vote on Greek bailout package due next week. Euro depreciated on the news. At the moment of writing German DAX is 0.48% or 33.13 points up at 6,787.61.

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