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.

To contact the reporter on this story: Namitha Jagadeesh in London at njagadeesh@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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