German stocks higher after summit

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP
After extending losses since December 5, German benchmark DAX climbed on Friday 1.6% reaching 5,966.36 as investors anticipated progress on the tackling sovereign debt crisis. German index were mainly supported by financial companies. Deutsche Bank AG jumped 4%, Commerzbank AG surged 1.6% while insurer Allianz SE gained 2.3%. Semiconductor producer Infineon Technologies AG contributed negatively to index, giving up 1% after Texas Instruments Inc reduced company's quarterly outlook.

 

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