German Stocks Climb on Italy Election, Stimulus Optimism
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German stocks rose to their highest in more than three weeks as Italy formed a new government and investor optimism grew that central banks will maintain economic stimulus measures at meetings this week.
Deutsche Bank AG added 1.7 percent. Volkswagen AG gained 2.6 percent after Europe’s biggest carmaker said it will perform better than the overall market. Allianz SE and Munich Re climbed as a gauge of insurance companies advanced on the Stoxx Europe 600 Index.