Friday, October 1, 2010

DAX Benchmark Advances; Shares of ThyssenKrupp, Celesio Rise, BMW Declines

German stocks advanced as a report showed That Chinese manufacturing accelerated at the fastest pace in four months in September eased concern the "Economic recovery is slowing in Europe.

ThyssenKrupp AG and Salzgitter AG Followed Metal Prices higher. Celesio AG advanced 4.4 Percent as Exane BNP Paribas recommended the shares' of Europe's Biggest Publicly Traded drug wholesaler. Brenntag AG Rose 1.5 Percent on shares' in the company were to knit at the upper end of the pricing range. Bayerische Motoren Werke AG, slumped the most in a month. TUI AG retreated as Morgan Stanley cut the ITS Recommendation on the stock.

The benchmark DAX Index rose 0.2 Percent Thurs 6,240.14 as of 1:46 pm In Frankfurt, trimming ITS weekly 0.9 Percent Decline Thurs. THE MEASURE rallied 5.1 Percent Last Month, Bringing ITS quarterly gain Thurs 4.4 Percent, as concern eased That the Global Economic recovery will falter. Still, lingering concern That "some European countries will Fail to repay Their debt has left the gauge below the ITS 1.7 Percent August high. The broader HDAX Index Increased 0.2 Percent Also today.

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