German stocks climb on Greece's optimism

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Source: Dukascopy Bank SA
© Scanpix/Reuters
German stocks advanced on Tuesday, boosted by long-awaited decision to release the next tranche of Greek bailout. Moreover, positive data from the US supported German blue chips. The DAX Index rose 0.29% and is currently trading at 7,312.91. Six out of nine sectors within the index moved higher. Health care and financial sectors were the top-performers. Fresenius SE and Fresenius Medical Care AG advanced 2.25% and 1.68%, while Deutsche Bank and Commerzbank jumped 1.83% and 1.26%. On the downside were telecommunications and utilities. Deutsche Telekom slumped 0.68%, while E.ON and RWE dropped 0.68% and 0.13%.


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