German Stocks Climb as Fed’s Evans Supports Stimulus
Fresenius Medical Care AG increased 1.1 percent as Berenberg Bank upgraded its recommendation on the stock. Commerzbank AG (CBK) rose 1.7 percent as a gauge of banking shares advanced in the Stoxx Europe 600 Index. (SXXP) Volkswagen AG gained 0.7 percent after saying deliveries rose 11 percent last year.
The DAX Index (DAX) climbed 0.3 percent to 7,741.23 at 9:59 a.m. in Frankfurt. The measure has gained 1.7 percent since the start of the year as U.S. politicians agreed on a compromise budget to prevent most scheduled tax increases and delay spending cuts. The broader HDAX Index rose 0.3 percent today.
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