Wed, 11 Apr 2012 13:50:53 GMT
DAX index edges higher on banking sector upgrade
After a drop of 2.5% in previous session, German DAX index rebounded on Wednesday supported by financials and car makers. Declining Spanish and Italian yields amid banking sector upgrade lifted Germany's main stock index. Deutsche Bank rallied 4.5% and Commerzbank jumped 4.8%. Volkswagen also contributed positively, gaining 3.8%, after posting a 15% improvement in worldwide car sales for its VW