DAX 30 climbs 1.7% on Greek debt swap

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Source: Dukascopy Bank
German DAX index rallied on Thursday as worries over Greek default disappeared. Heavyweight financials supported the index on upside with Deutsche Bank AG climbing 3.4% and Commerzbank AG adding 1.3%. BMW AG improved 1.3% after the auto maker posted a 51% increase in full-year profit and raised dividends. Deutsche Post AG led the gains after issuing an optimistic revenue predictions for 2012 citing expansion in Internet-related businesses and emerging markets. At the moment of writing DAX 30 index is 1.7% or 113.84% up at 6,787.14.


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