German DAX rallies after EU finance minister meeting

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Source: Dukascopy Bank
German DAX index partly erased previous losses on Friday as euro-region finance ministers determined the total ceiling for the bailout of the area's debt troubled countries at USD 1.1 trillion. Daimler AG gained 2.3% after Bank of America put status recommend to buy on car maker. HeidelbergCement AG rallied 5.5% after HSBC Holdings Plc lifted its rating on the shares. All nine sectors posted gains during the session. At the moment of writing DAX 30 index is 0.99% or 67.91 points higher at 6,943.06.

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