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 firstname.lastname@example.org
To contact the editor responsible for this story: Andrew Rummer at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.