German stocks are posting their best start to a year relative to the U.S. since 2006 as investors bet companies in Europe’s biggest economy will benefit most from improving global growth.
The DAXK Index, a German equities gauge that strips out gains from dividends, has surged 19 percent in 2012 after sinking to the cheapest valuation in at least six years last year. That’s the largest advance since 1998 and 6.3 percentage points more than the Standard & Poor’s 500 Index’s increase, data compiled by Bloomberg show. (Source: Bloomberg)
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