German Stocks Rise; RWE, E.ON Shares Lead Gains on Nuclear Deal
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German stocks rose, with the benchmark DAX Index extending last week’s gain. E.ON AG and RWE AG led the advance after the government extended the lifespan of their nuclear power plants.
The DAX climbed 0.3 percent to 6,155.04 at the 5:30 p.m. close in Frankfurt. The gauge jumped 3.1 percent last week as reports showed accelerating growth in American and Chinese manufacturing and an increase in U.S. hiring, easing concern that the global economic recovery is faltering. The broader HDAX Index also gained 0.3 percent today.