DAX climbs higher amid European finance minister meeting

German DAX Index lost 0.2% on Friday but opened 0.5% higher on Monday, as investors awaited for the results of Euro area finance minister meeting. Euro hit this year's record high, touching $1.3 as Greek officials claimed they are making progress in talks with private creditors. Financial sector posted the biggest gains for the index. Commerzbank added 12.8% and Deutsche Bank surged 3.5%. On the downside home chemical producer Henkel lost 1.48%. At the moment of writing DAX index is 0.74% or 43.37 points up at 6,448.73.