German equities climb on rising shares of Henkel and Lanxess

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Source: Dukascopy Bank SA
German shares extended their five-year high, as Henkel AG and Lanxess jumped and optimism among investors rose, as central banks said to continue stimulus measures. The DAX Index climbed 0.8%, or 59.33, to 7,929.72 at 5:31 p.m. in Frankfurt. Muenchener Rueckversicherungs AG rallied 3.1%, the most in the index, to pace gains in financial shares. Furthermore, Lanxess AG posted the biggest rally on the index of Europe's chemical makers. Among best performers was also Henkel AG with a 2.4% surge after the beer producer said its sales would rose 5% this year and its EBIT as a percentage of sales would increase 14.5% in 2013. Only three blue chip companies declined. RWE AG dropped 2% , while Merck KGaA retreated 1.6% and dragged down health care group that slid 0.1%. Fresenius Medical Care AG & Co slipped 0.1% also adding to losses in health care shares.
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