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Thứ Tư, 26 tháng 6, 2013

German Stocks Climb as Consumer Sentiment Increases; SAP Gains - Businessweek

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German stocks climbed, after yesterday rallying the most in more than two weeks, as a report showed the nation’s consumer sentiment will increase in July more than economists had forecast.


SAP AG (SAP) added 3.2 percent after its co-Chief Executive Officer said the world’s largest maker of business-management software has gained market share. GSW Immobilien AG (GIB) jumped 5.3 percent after saying both its chairman and chief executive officer will resign.


The DAX Index (DAX) rose 0.5 percent to 7,850.77 at 9:37 a.m. in Frankfurt after yesterday rallying 1.6 percent, their biggest advance since June 7. The equity benchmark retreated 4.2 percent last week, erasing its gain for the quarter, as investors prepared for a potential paring of stimulus this year by the Federal Reserve if the economy continues to improve. The broader HDAX Index also increased 0.5 percent today.


German consumer confidence will rise to 6.8 next month from 6.5 in June, Nuremberg-based research company GfK SE said today. That would be the highest since September 2007. Analysts had expected a reading of 6.5, according to the median of 32 estimates in a Bloomberg News survey.


The volume of shares changing hands in companies listed on the DAX was 93 percent greater than the average of the past 30 days, according to data compiled by Bloomberg.


To contact the reporter on this story: Jonathan Morgan in Frankfurt at jmorgan157@bloomberg.net


To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net







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