German stocks higher prior to parliamentary election in Italy

Note: This section contains information in English only.
Source: Dukascopy Bank SA
German shares edged higher, extending their gains for a second consecutive day on speculation the nominee for the BOJ governor's position is likely to extend monetary stimulus and Pier Luigi Bersani might win the parliamentary election of Italy. All but one group in the benchmark gauge advanced. The DAX Index rose 1.18% to 7,750.65 by 17:36 p.m. in Frankfurt. Deutsche Boerse AG posted biggest gains on speculation CME Group Inc. approached it to discuss possibilities of merger. K+S AG followed with a 2.8% surge after Citigroup raised its stock rating to buy and upgraded the forecast price on its stock. Furthermore, Bayerische Motoren Werke AG, the German luxury car maker, increased 2.3% and led gains in the consumer goods group that was 1.7% higher. Only two companies among all blue chips paired losses. Fresenius Medical Care AG slid 1.5%, while Deutsche Lufthansa AG lost 1.5%.
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Tue, 26 Feb 2013 07:18:05 GMT

Yen falls on speculation BOJ will ease policy

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