German stocks pair gains as U.S. to continue monetary easing to boost its economy

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Source: Dukascopy Bank SA
German shares edged higher after the President of Federal Reserve Bank of Chicago Bank recommended for U.S. central bank to extend its monetary easing policy to support the nation's economy. The DAX index increased 2.1% to 7,717.62 by 15:59 GMT. Six out of nine groups inched higher in the benchmark gauge. Health care sector rose the most, as Fresenius Medical Care shares surged 2.16% after Berenberg Bank upgraded the company's rating to buy. According to Berenberg Bank, investors have not taken into consideration the business quality of Fresenius Medical Care Business and the profit potential. Furthermore, the shares of Adidas rallied 1.6%, pacing gains in the consumer goods services sector that was 0.9% higher. Linde AG, gases and engineering company,  soared 1.1%, triggering a 0.7% increase in the basic materials stocks. Meanwhile, HeidelbergCement AG posted 2.17% losses, prompting a 0.5% decline in the industrial shares.


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