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