Bloomberg News

German Stocks Advance; Benchmark DAX Index Climbs 0.6%

October 25, 2011

Oct. 25 (Bloomberg) -- German stocks rose as Daimler AG and Bayerische Motoren Werke AG advanced, offsetting declines in Munich Re and Allianz SE.

The DAX Index rose 0.6 percent to 6,090.68 at 11:24 a.m. in Frankfurt, having earlier risen as much as 0.5 percent and dropped as much as 0.7 percent. The benchmark measure had climbed for the past four weeks as investors speculated the leaders of the euro area would deliver a plan to shore up banks’ balance sheets and protect other economies from a possible Greek default. The broader HDAX Index advanced 0.5 percent.

To contact the reporter on this story: Peter Levring in Copenhagen at plevring1@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus