German stocks rise after positive German industrial production data

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Source: Dukascopy Bank SA

German shares extended pervious gains on Friday ahead of the key economic data releases from the US. Rally of Asian equities and recent ECB decision also boosted German stocks. Adding to the positive mood of German equities, national industrial production advanced more-than-expected last month.  German DAX Index gained 0.87% to trade at 7,231.10. All but one sectors included in the index advanced. The top-gainers were financials and utilities. Deutsche Bank and Commerzbank rose by 5.15% and 6.21% while E.ON and RWE gained 1.65% and 1.70%. Meanwhile, health care companies moved lower. Fresenius Medical Care AG & Co and Fresenius SE & Co lost 1.83% and 0.32%.

 

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