German DAX index edges higher on Munich Re

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Source: Dukascopy Bank
German DAX index prolonged gains on Friday lifted by financial sectors. Nevertheless gains were limited by auto sector and news US consumer confidence unexpectedly dropped in March. Munich Re advanced 1.2% after Exane BNP Paribas confirmed buy rating on share and increased its price target by 3%. Siemens surged 1% on news its Osram unit's Chief Operating Offier Martin Goetzeler quit. Daimler fell 1% after car maker was downgraded from outperform to market-perform. At the moment of writing DAX 30 trades 0.26% or 18.30 points higher at 7,164.24.

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