German Stocks Rise; Deutsche Bank, Commerzbank, Software AG Gain
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German stocks rose for a second day, led by banks, after Portugal’s borrowing costs fell at a sale of 10-year bonds and a report showed the German economy grew at the fastest pace in two decades.
Commerzbank AG and Deutsche Bank AG, the nation’s largest banks, both gained more than 4 percent. Software AG advanced 1.5 percent after saying 2010 revenue and net income was at the upper end of its forecast, aided by demand from the financial industry and the public sector.