German stocks advance on upbeat US data

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Source: Dukascopy Bank SA
German stocks went higher on Friday on upbeat data from the US. US GDP expanded by annualized 2% in Q3 compared with forecasts of a 1.9% increase. The DAX Index added 0.46% and is currently trading at 7,233.55. All but one sectors included in the index jumped. The top-performers were telecommunications and technology companies. Deutsche Telecom and SAP gained 1.53% and 1.02%. At the same time, health care firms dropped by 0.37%. Fresenius Medical Care and Fresenius shed 0.80% and 0.72%.


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