DAX index 0.9% up on car makers and banks

Source: Dukascopy Bank
German DAX index appreciated on Thursday supported by carmakers and positive US economic data amid declining Italian bond yields and unchanged nation's unemployment level. Volkswagen AG's brand Audi posted a 69% surge in 2011 profit. Volkswagen's stocks added 1.7% while BMW AG gained 1.5%. Additional upside contribution came from Deutsche Bank AG which climbed 1.8%. At the moment of writing DAX 30 index trades 0.89% or 60.80 points higher at 6,917.07. 

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