DAX

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
European stocks advanced for the fourth consecutive day, staying around its highest level in 22 months as U.S. unemployment stayed at the same level, raising optimism on the outlook for the world's largest economy. The German DAX index advanced 0.15% to 7,767.45. Only two groups in the benchmark index declined. Technology shares erased 0.95% and health care stocks lost 0.40%. Telecommunications stocks gained the most by surging 1.07%, supported by Deutsche Telekom stocks edging 0.9% higher. Furthermore, Commerzbank AG soared 1.42%, leading gains in the financials shares, while Bayer AG rose 0.6% to 72.67 euros and capped losses in the health care sector. Among worst performers were Merck KGaA, Lanxess AG and Continental AG with their shares tumbling 1.8%, 1.6% and 1.4%, respectively. Merck KgaA, operating in the pharmaceutical and chemical business sectors, declined after Nomura downgraded their shares from buy rating to neutral rating.
© Dukascopy Bank SA
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