Pursuits
German Stocks Climb, Trimming Weekly Drop; Volkswagen, MAN Rise
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German stocks climbed, with the benchmark DAX Index trimming a weekly decline, as carmakers rallied and a report showed confidence among U.S. consumers rose more than forecast this month.
Volkswagen AG jumped 6.2 percent after saying profit surged sevenfold last year on demand in China, and forecast growth will accelerate this year. MAN SE gained 4.3 percent as the Financial Times Deutschland said Volkswagen has pressurized Scania AB to make a bid for the truckmaker. Deutsche Telekom AG fell 1.8 percent as Europe’s largest telecommunications company reported a surprise fourth-quarter loss.