DAX 30 rallies on investor confidence data

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Source: Dukascopy Bank
German DAX index rallied on Tuesday after data showed investor confidence jumped in March from 5.4 to 22.3, reaching a record high since June 2010. Deutsche Post AG accelerated 1.8% on news the company expects good earnings next year. Financial service provider Munich Re AG gained 2.2%. The firm said its outlook for 2012 is optimistic and the yearly profit my reach EUR 2.5 billion (USD 3.3 billion). At the moment of writing DAX 30 is 0.87% or 60.29 points up at 6,962.20.

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Tue, 13 Mar 2012 18:19:33 GMT

EU suspends rescue package for Hungary because of budget deficit

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Tue, 13 Mar 2012 17:12:45 GMT

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