German equities advance on better Eurozone data

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Source: Dukascopy Bank SA
© scanpix/reuters
German shares rose on signs of growth in Chinese economy and better economic data on Europe that boosted up demand. The data on Euro-area's PMI indicated the manufacturing sector was shrinking at a slower-than-expected pace in November and adding to signs of Eurozone's recovery. However, concerns over the U.S. unsolved budget keep rising. The DAX index advanced 0.72% to 7,458.55. All sectors included in the index gained with Consumer Services, Financials and Basic Materials rallying the most. Only three companies within the index dropped. Continental, Adidas and Bayerische Motorwerken lost 0.47%, 0.35% and 0.15%, respectively. The top performers were Deutsche Boerse with a 2.04% gain, HeidelbergCement by adding 1.63% and Bayer AG with an increase of 1.43%.


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