Bloomberg News

German Stocks Resume Advance as U.S. Consumer Confidence Climbs

February 28, 2012

German stocks resumed an advance after U.S. data showed confidence among consumers rose in February to the highest level in a year.

The benchmark DAX Index climbed 0.4 percent to 6,873.34 at 4:02 p.m. in Frankfurt, erasing an earlier loss of as much as 0.6 percent.

The Conference Board’s confidence index increased to 70.8 from a revised 61.5 in January, figures from the New York-based private research group showed today. Economists predicted the gauge would climb to 63, according to the median estimate in a Bloomberg News survey.

To contact the editor responsible for this story: Sarah Jones at sjones35@bloomberg.net


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