German DAX experiences gains led by car makers

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Source: Dukascopy Bank

German DAX index saw an increase on Monday mainly driven by auto producers. Volkswagen AG advanced 3% after company announced it plans to sell 1.3 million of luxuries Audi AG in 2011.  BMW AG and Daimler AG added 2.84% and 1.42% respectively. Financials also provided positive contribution to the index as Commerzbank ascended 2.51% and Deutsche bank climbed 2.39%. At the moment of writing, German benchmark is 1.04% up at 5,761.20.

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Mon, 19 Dec 2011 16:56:48 GMT

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