Pursuits
German Stocks Climb to Three-Year High as Deutsche Bank Rallies
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German stocks climbed, sending the benchmark DAX Index to the highest level in more than three years, after unemployment dropped to a 19-year low and Deutsche Bank AG reported better-than-estimated earnings.
Deutsche Bank, Germany’s largest, jumped 4.8 percent, the most in almost a year. Merck KGaA advanced 3.6 percent after the drugmaker posted a 78 percent increase in first-quarter profit. SAP AG slid 5.7 percent after earnings missed analysts’ projections.