German equities rose; technology firms led gains

Note: This section contains information in English only.
Source: Dukascopy Bank SA

German blue chips jumped on Monday ahead of talks between EU leaders regarding Greece's request. Greece asked EU officials to prolong the period of its budget adjustment reforms by two years. The German DAX Index gained 0.30% to trade at 7,049.64 at GMT 12:00. All industries included in the index climbed. The top-gainers were technology and industrial stocks. SAP and MAN jumped by 1.13% and 0.59%. Meanwhile, financial institutions mostly lower. Commerzbank and Deutsche Bank dropped by 1.19% and 1.46% on news that the lenders are among four largest European banks being under investigation by US regulators regarding violation of US money-laundering laws. Meanwhile, health care companies moved higher, with Fresenius Medical Care and Bayer climbing 0.37% and 0.13%.

 

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