Jan. 18 (Bloomberg) -- German stocks erased gains, with the benchmark DAX Index slipping 0.1 percent to 6,329.05 as of 2:58 p.m in Frankfurt.

The gauge earlier advanced as much as 1.1 percent as the International Monetary Fund was said to propose extending its lending resources by $500 billion to safeguard the global economy against any worsening of the euro area’s debt crisis.

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