Pursuits
German Stocks Gain as Business Confidence Gauge Beats Estimates
This article is for subscribers only.
German stocks climbed the most this month after a measure of the country’s business confidence unexpectedly increased and U.S. housing starts topped economists’ estimates.
Bayerische Motoren Werke AG, Continental AG, HeidelbergCement AG and Metro AG led gains. Bayer AG added 5 percent after saying four of its drugs in development may become blockbusters. Deutsche Telekom AG declined after a deal to sell its T-Mobile USA unit to AT&T Inc. collapsed.