German DAX advances led by car-makers

Note: This section contains information in English only.
Source: Dukascopy Bank SA
German shares advanced on Tuesday supported by hopes US consumer confidence is improving amid stabilizing property market. Gains were limited on news China are not preparing a large scale monetary accommodation. Car makers led the gains for German benchmark index. Volkswagen surged 3.3% and Daimler added 2.4%. BMW climbed 2.3%. On the downside Deutsche Telekom dropped 1.2%. At the moment of writing German DAX trades 0.8% or 50 points up at 6,373.10. 

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