German DAX index on hopes for expansionary monetary policy

German DAX index moved higher on Friday as investors prized report from G-20 saying that global central banks are ready to intervene if Greek parliamentary elections signal deeper financial turmoil. Commerzbank provided the main gains for the index adding 3%. Car makers also partly recover from earlier losses. Daimler advanced 1.3% and Volkswagen soared 2.1%. BMW breached the positive trend and traded 0.4% down. At the moment of writing DAX 30 is 0.9% or 56 points up at 6,194.70.