German Stocks Advance as Fed’s Evans Supports Stimulus
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German stocks advanced for a second day as Federal Reserve Bank of Chicago President Charles Evans said the U.S. central bank should keep policy accommodative to support the world’s biggest economy, and as Chinese markets rose, offsetting a drop in euro-area industrial output.
Fresenius Medical Care AG increased 2 percent as Berenberg Bank upgraded its recommendation on the stock. Continental AG, Europe’s second-largest maker of auto parts, fell 1.5 percent after saying sales and profitability growth may slow this year.