German equities rise as Deutsche Bank soars

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Source: Dukascopy Bank SA
German shares were bullish on Tuesday on better-than-expected quarterly results of Deutsche Bank. However, persistent uncertainty over whether Spain will apply for a bailout and whether Greece with meet its budget targets restricted an upward trend of German blue chips. The DAX Index surged 1.08% and is currently trading at 7,280.66. Seven out of nine sectors included in the index rose. Financials posted the biggest gains. Deutsche Bank jumped 4.10% after announcing that Q3 profit climbed 3%. Commerzbank also joined the rally, adding 2.20%. At the same time, health care and telecommunications sectors inched down. Fresenius Medical Care AG and Fresenius SE & Co shed 0.58% and 0.03%.


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Tue, 30 Oct 2012 18:09:58 GMT

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Tue, 30 Oct 2012 17:25:58 GMT

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