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German Stocks Advance for Second Day on China Exports

Stocks in Germany advanced for a second day as data showed Chinese exports rose in November more than forecast.

Aixtron SE, a maker of equipment for semiconductor companies, added 2.2 percent after a report that global LED light-bulb shipments may jump 84 percent in 2014. Sky Deutschland AG climbed 5.2 percent after buying the rights to broadcast soccer’s UEFA Champions League games. HeidelbergCement, the world’s third-largest maker of cement, dropped to its lowest price in three months.

The DAX rose 0.3 percent to 9,195.17 at the close of trading in Frankfurt. The index jumped 1 percent on Dec. 6 as a report showed U.S. employers added 203,000 workers 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 Index also increased 0.3 percent today.

“The driving forces are surely the surprisingly good export figures in November from China, which give 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 19 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 since January 2009.

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 projection of economists in a Bloomberg survey was for a 0.5 percent contraction.

Aixtron added 2.2 percent to 10.29 euros. DigiTimes cited Taiwan-based LED manufacturers as saying that global LED light bulb shipments may rise 84 percent to 1.25 billion units next year. The proportion of LED chips used in LED lighting will increase to about 25 percent in 2013 from 20 percent in 2012, according to the report.

Sky Deutschland

Sky Deutschland jumped 5.2 percent to 8.12 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 2.3 percent to 9.97 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.

Axel Springer AG rose 4.2 percent to 44.61 euros. Europe’s biggest newspaper publisher said it agreed to acquire all of N24 Media GmbH, without providing financial details.

HeidelbergCement dropped 2.2 percent to 53.65 euros.

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