German Stocks Advance Before Euro-Area Confidence Report

German stocks rose for a fourth day, as the DAX Index headed for a second week of gains, before data that may show euro-area confidence increased in March.

Deutsche Wohnen AG (DWNI) added 2.8 percent after saying 2013 profit rose 68 percent. ElringKlinger AG jumped 6.1 percent after the maker of automobile parts announced a dividend increase. Manz AG rose 1.5 percent after the manufacturer of production equipment for the solar and flat-panel industries forecast strong sales and earnings growth this year.

The DAX added 0.8 percent to 9,521.74 at 9:38 a.m. in Frankfurt. The benchmark gauge has climbed 1.9 percent this week, trimming its monthly decline to 1.8 percent. The broader HDAX Index rose 0.8 percent today.

A report at 11 a.m. Brussels time may show a gauge of economic confidence in the euro zone rose to 101.4 in March, from 101.2 a month earlier, according to the median estimate of economists in a Bloomberg survey. Separate data at the same time may show the region’s industrial confidence fell to minus 3.5 this month from minus 3.4 in February, economists predicted.

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To contact the editors responsible for this story: Cecile Vannucci at Alan Soughley

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