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German Stocks Resume Advance as U.S. Consumer Confidence Climbs

Feb. 28 (Bloomberg) -- German stocks resumed an advance after U.S. data showed confidence among consumers rose in February to the highest level in a year.

The benchmark DAX Index climbed 0.4 percent to 6,873.34 at 4:02 p.m. in Frankfurt, erasing an earlier loss of as much as 0.6 percent.

The Conference Board’s confidence index increased to 70.8 from a revised 61.5 in January, figures from the New York-based private research group showed today. Economists predicted the gauge would climb to 63, according to the median estimate in a Bloomberg News survey.

To contact the editor responsible for this story: Sarah Jones at sjones35@bloomberg.net

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