German shares moved higher on Monday amid hopes that the ECB will loosen its monetary policy in view of weakening global economy. An unexpected increase in German wholesale price index provided support for Germany's stocks. German DAX Index rose by 0.34% to trade at 6,968.44 at 12:00 GMT. Seven out of nine sectors within the index advanced. The top-performers were technology and utility firms. SAP and E.ON gained 1.14% and 1.05%. Lenders were mixed, with Deutsche Bank climbing 0.28% and Commerzbank shedding 0.42%. At the same time, consumer goods and basic materials retreated. K+S dropped by 0.19% while Henkel slumped 0.07%.