German shares rise the most in one month

Source: Dukascopy Bank SA
European equities climbed the most in four weeks, yet capping a weekly decline, as data on Chinese exports topped analysts' estimates and investors became more optimistic on the global economy. In addition, the adjusted German exports soared 0.3% in December from January. The DAX Index advanced as much as 0.63%, or 49.68 points, to 7,639.00 by 4:06 p.m. in Frankfurt. Five out of nine sectors in the gauge inched higher. Among best performers were auto manufacturers Daimler AG, Volkswagen AG and Bayerischen Motoren Werke AG that rallied 2.51%, 2.35% and 2.24%, respectively, pacing gains in the consumer goods sector that surged 1.9%, the most in the equity index. Alongside to that, Lanxess AG paired biggest decline in the gauge as its shares fell 1.2% triggering a 0.12% drop in the basic materials group, followed by Deutsche Telekom AG that erased 2.4%, dragging down the telecommunications sector. Merck KGaA eased 0.7% to pace losses in health care stocks that erased 0.5%.

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