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German Stocks Gain Amid Optimism on Positive U.S. Economic Data

German stocks rose, with the benchmark DAX index extending its weekly gain, as U.S. economic data showed a rise in durable-goods orders and new-home sales.

Wincor Nixdorf AG climbed 1.3 percent after signing a 400 million-euro ($521 million) credit facility. SGL Carbon SE retreated for the eighth day, its longest losing streak since January 2010.

The DAX gained 0.5 percent to 5,878.93 at the close in Frankfurt. The measure advanced 3.1 percent this week, trimming its losses in 2011 to 15 percent. The broader HDAX Index also increased 0.5 percent.

The volume of shares changing hands across Europe has fallen as the Christmas holiday approaches. Trading on the Stoxx Europe 600 Index this week has declined 22 percent compared with the average for 2011, according to data compiled by Bloomberg.

“A holiday is well deserved after an immensely stressful year where the economic news has been so negative,” said Daniel Weston, a portfolio adviser at Schroeder Equities GmbH in Munich. “It may only get better moving forward.”

Orders for U.S. durable goods rose in November by the most in four months as an increase in demand for aircraft outweighed declines in spending on computers and equipment, data from the Commerce Department showed today in Washington.

Home Sales

Purchases of single-family properties increased 1.6 percent to a 315,000 annual pace, figures from the Commerce Department showed today in Washington. The gain pushed the number of new homes on the market to a record low.

The U.S. Congress passed a two-month payroll-tax cut extension late yesterday, days before its scheduled Dec. 31 expiration.

Wincor Nixdorf climbed 1.3 percent to 33.70 euros. The maker of banking machines and cash registers said it signed a 400 million-euro credit line to refinance and fund its business.

Stada Arzneimittel AG, which makes generic drugs, gained 2.5 percent to 19.43 euros.

Deutsche Bank AG gained 1.7 percent to 29.80 euros. DIFC Investments LLC repaid in full $200 million to Germany’s largest bank under the terms of a loan facility.

Commerzbank declined 0.7 percent to 1.34 euros, erasing an earlier gain of 1.5 percent.

SGL Carbon fell 0.5 percent to 36.69 euros, its lowest price since Sept. 12. The maker of carbon products has declined for eight successive days, the longest stretch of losses since January 2010.

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