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German Stocks Climb as Fed’s Evans Supports Stimulus

German stocks advanced as Federal Reserve Bank of Chicago President Charles Evans said the U.S. central bank should keep policy accommodative to support the world’s biggest economy.

Fresenius Medical Care AG increased 1.1 percent as Berenberg Bank upgraded its recommendation on the stock. Commerzbank AG (CBK) rose 1.7 percent as a gauge of banking shares advanced in the Stoxx Europe 600 Index. (SXXP) Volkswagen AG gained 0.7 percent after saying deliveries rose 11 percent last year.

The DAX Index (DAX) climbed 0.3 percent to 7,741.23 at 9:59 a.m. in Frankfurt. The measure has gained 1.7 percent since the start of the year as U.S. politicians agreed on a compromise budget to prevent most scheduled tax increases and delay spending cuts. The broader HDAX Index rose 0.3 percent today.

To contact the reporter on this story: Jonathan Morgan in Frankfurt at jmorgan157@bloomberg.net

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

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