German Stocks Advance for Second Day on China Exports

German stocks were little changed, after rising on Friday, as data showing Chinese exports increased in November more than forecast offset a decline in HeidelbergCement AG.

Aixtron SE, a maker of equipment for the semiconductor industry, added 3.2 percent after a report that global LED light bulb shipments could jump 84 percent in 2014. Sky Deutschland AG climbed 4.1 percent after buying the rights to broadcast soccer’s UEFA Champions League games. HeidelbergCement dropped 1.6 percent.

The DAX (DAX) rose 0.1 percent to 9,177.47 at 11:38 a.m. in Frankfurt. The index jumped 1 percent on Dec. 6 as a report showed U.S. hiring crossed 200,000 for the third time in four months and the unemployment rate fell to a five-year low, signaling the economy could withstand a reduction in the Federal Reserve’s stimulus. The gauge has rallied 21 percent this year. The HDAX (HDAX) Index also increased 0.1 percent today.

“The driving forces are surely the surprisingly good export figures in November from China, which gives investors hope for further growth,” said Michele Rimann, a trader at Luzerner Kantonalbank AG in Lucerne, Switzerland. “The positive from Friday’s U.S. labor market data still lingers on the markets. The latest sentiment is that good labor-market data could be an indication that the U.S. economy could soon be stable enough to cope with the withdrawal of Fed tapering.”

The volume of shares changing hands in DAX-listed companies was 23 percent lower than the average of the last 30 days, according to data compiled by Bloomberg.

Chinese Exports

China’s exports rose 12.7 percent last month from a year earlier, exceeding projections from 41 of 42 economists surveyed by Bloomberg News. The release from the General Administration of Customs yesterday also showed that imports increased 5.3 percent, falling short of estimates of 7 percent. The country’s trade surplus widened to $33.8 billion in November, the biggest gap in more than four years.

German exports rose 0.2 percent in October after expanding a revised 1.6 percent a month earlier, the Federal Statistics Office in Wiesbaden said. The median forecast of analysts in a Bloomberg survey was for a 0.5 percent contraction.

Aixtron added 3.2 percent to 10.39 euros. DigiTimes reported that the global LED light bulb shipments could rise 84 percent to 1.25 billion units next year, citing Taiwan-based LED manufacturers. The proportion of LED chips used in LED lighting will increase from 20 percent in 2012 to about 25 percent in 2013, according to the report.

Sky Deutschland

Sky Deutschland AG rallied 4.1 percent to 8.04 euros, its highest price since September 2008, after saying it bought the rights to show Champions League soccer games live until 2018.

Nordex SE, a maker of wind turbines, gained 2.9 percent to 10.03 euros after saying it will install a 20-megawatt wind power plant in Ireland for ESB International.

Nordex will erect five of its N100 machines and three of its N90 turbines with a capacity of 2.5 megawatts each at the Woodhouse project near Dungarvan, County Waterford.

RWE AG and EON SE, Germany’s largest utility companies, rose 1.3 percent to 27.26 euros and 0.9 percent to 13.64 euros, respectively. A gauge of utility stocks posted the biggest gain of the 19 industry groups on the Stoxx Europe 600 Index.

HeidelbergCement, the world’s third-largest maker of cement, dropped 1.6 percent to 53.97 euros. A measure of construction-related companies was among the worst performers on the Stoxx 600.

To contact the reporter on this story: Corinne Gretler in Zurich at cgretler1@bloomberg.net

To contact the editor responsible for this story: Cecile Vannucci at cvannucci1@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.