German stocks ease up; SAP leads gains

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Source: Dukascopy Bank SA
German equities inched up on Wednesday despite escalated uncertainty over Greece after the Eurogroup meeting ended with no decision. The eurozone's finance ministers  agreed to meet again on Monday to continue discussions. The DAX Index gained 0.06% and is currently trading at 7,177.28. Six out of ten sectors rose. The top-performers were technology and telecommunication sectors. SAP and Infineon Technologies climbed 1.96% and 1.73%, while Deutsche Telekom advanced 1.25%. SAP extended previous gains after the firm confirmed on Friday that it aims to reach more than EUR20 billion in revenues by 2015 as it continues to increase its market share. However, industrials and basic materials depressed German blue chips index. Siemens dipped 1.44%, while K+S and ThyssenKrupp tanked 2.85% and 1.75%.


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