German equities are trading higher after US labour market data

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Source: Dukascopy Bank SA
© Scanpix/Reuters
German equities are trading higher on Thursday as positive data from the world's first and second economies prompted inventories to turn to riskier assets. China's PMI beat estimates in October while US non-farm private employment figure surpassed forecast last month. Easing concerns over Greece also added to gains of German shares. The DAX Index rallied 0.77% and is currently trading at 7,316.65. All but one sector within the index soared. Consumer goods and technology were the top-gainers. Shares of Adidas and Beiersdorf moved higher by 1.26% and 0.96%. Lenders also were bullish, with Commerzbank and Deutsche Bank climbing 1.08% and 1.06%. Meanwhile, Deutsche Lufthansa continued its upward trend after soaring on Wednesday on upbeat quarterly results. On the downside were health care firms. Fresenius Medical Care and Fresenius SE & Co lost 2.12% and 1.99%.


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