German Stocks Rise for First Time in Three Days
Continental AG and Daimler AG each climbed at least 1.4 percent. Siemens AG (SIE) advanced 1.4 percent after saying it will replace Chief Executive Officer Peter Loescher. Commerzbank AG (CBK) led banks lower, falling 2.3 percent.
The DAX gained 0.8 percent to 8,310.11 at 9:48 a.m. in Frankfurt. The gauge retreated 1 percent last week as some companies posted worse-than-estimated results. The broader HDAX Index added 0.8 percent today.
In the U.S., a report at 10 a.m. New York time may show pending home sales slipped 1 percent in June, after climbing 6.7 percent the previous month, according to the median forecast of 34 economists in a Bloomberg survey.
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