German stocks move higher despite weak Eurozone's data

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Source: Dukascopy Bank SA
German equities moved higher on Monday, recovering after sharp losses on Friday. Meanwhile, market players are cautious ahead of Mario Draghi speech scheduled later in the day. Weaker-than-expected reading of the Eurozone's current account capped gains in German stocks. The DAX Index added 0.12% and is currently trading at 7,602.30. Six out of nine industries advanced. The top-performers were utilities and consumer services. RWE and E.ON rose 1.88% and 1.35%, while Deutsche Lufthansa climbed 1.17%. At the same time, financials were mixed, with Commerzbank jumping 1.54%, the second biggest gain in German blue chips index, and Deutsche Bank losing 0.44%. Sending the DAX index lower, technology and industrial companies slid. Infineon Technologies and SAP dipped 0.67% and 0.65%, while Siemens dropped 0.18%.
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