German shares edged up on Eurozone's hopes

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Source: Dukascopy Bank SA

German equities edged up 0.49% to trade at 6,417.50 at the time of writing. Shares gained momentum on hopes for fresh measures by the ECB. At the same time, a drop in Ifo Business Climate Index capped the upswing. Daimler added 3.6% after the company left unchanged its full-year profit forecast. Financial sector was the weakest, plunging 0.95%. Deutsche Bank tumbled 3.3% after issuing profit warning that escalated concerns the bank may need to raise capital.

 

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