Financials lift German DAX

Source: Dukascopy Bank SA

German DAX Index soared 1.14% on Thursday after Mario Draghi pledged to put any efforts needed to safe the Euro. However, larger than expected fall in export prices capped the rally of the stock index. Financial stocks posted the largest gain of 3.43%. Shares of Deutsche Bank and Commerzbank increased 2.93% and 1.67%. Daimler retreated 1% after Wednesday's rally. On Wednesday, the company left unchanged its full-year income forecast. Telecommunications also added to gains of German stock index after Deutsche Telekom soared 2.25%.

 

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Thu, 26 Jul 2012 18:56:37 GMT

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