German Stocks Advance; Deutsche Telekom Leads DAX Gains
German stocks advanced for a second day, reversing earlier losses.
Deutsche Telekom AG paced gains, rising 1.5 percent. Commerzbank AG added 1.2 percent, while Adidas AG fell 1.4 percent.
The DAX Index (DAX) rose 0.2 percent to 6,454.0 at 11:19 a.m. in Frankfurt. The index has climbed 8.1 percent from its 2012 low on June 5 as Greece formed a new government and European Union leaders agreed to directly recapitalize Spanish banks using the euro area’s permanent bailout fund. The broader HDAX Index rose 0.2 percent today.
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