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Article: Germany : German Stocks Rise on US Manufacturing; Infineon, Linde Gain.
- Article from:
- TendersInfo
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: babalu03
German stocks advanced, with the benchmark DAX Index rebounding from the steepest weekly drop since February, as a report showed U.S. manufacturing expanded in October at the fastest pace in more than three years.
Infineon Technologies AG jumped 4.1 percent after Bank of America Corp. recommended shares of Europe s second-largest maker of semiconductors. Linde AG, the world s second-biggest maker of industrial gases, climbed 2.5 percent on better-than- estimated earnings. Adidas AG and SAP AG also increased.
The DAX Index gained 0.3 percent to 5,430.82. The gauge tumbled 5.7 percent last week amid concern the European Union may ...