German shares advance after US existing home sales data

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Source: Dukascopy Bank SA

German stocks are trading on the positive note, erasing early losses. German equities were boosted by easing measures in Japan and rally in Asian shares. Positive data from the US real estate market also lifted German stocks. US existing home sales grew more than expected this month. The German DAX Index added 0.27% to trade at 7,367.53. Four in nine business sectors included in the index advanced. The biggest gainer was telecommunication sectors, climbing 0.54%. Deutsche Telecom rose 1.29%. On the downside were health care companies, with Fresenius Medical Care AG and Fresenius SE & Co falling 0.60% and 0.47%.

 

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