German stocks advance on positive headlines from Asia

Note: This section contains information in English only.
Source: Dukascopy Bank SA

German equities advanced on Thursday after encouraging export prices data. German export prices climbed 1.3% in September compared to a forecast of 0.9% increase. However, persistent uncertainty over Spain's austerity measures capped the upswing of the index. The DAX Index added 0.14% and is currently trading at 7,286.94. All but one sectors included in the index surged. The top-gainers were health care and telecommunications. Fresenius Medical Care AG & Co and Fresenius SE & Co gained 0.99% and 0.79% while Deutsche Telecom moved higher by 0.72%. Meanwhile, financials were mixed with Deutsche Bank climbing 1.09% and Commerzbank retreating 1.20%. The only loser was consumer goods sector. Adidas and Henkel AG & Co plunged 0.72% and 0.16%.

 

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