Germany stocks higher at close of trade; DAX up 2.40%

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At the close in Frankfurt, the DAX rose 2.40%, while the MDAX index climbed 1.89%, and the TecDAX index gained 0.83%.

The best performers of the session on the DAX were Daimler Truck Holding AG (ETR:DTGGe), which rose 5.27% or 1.33 points to trade at 26.48 at the close. Meanwhile, Mercedes Benz Group AG (ETR:MBGn) added 5.16% or 2.91 points to end at 59.28 and Zalando SE (ETR:ZALG) was up 5.05% or 1.16 points to 24.13 in late trade.

The worst performers of the session were Deutsche Telekom AG Na (ETR:DTEGn), which fell 0.86% or 0.17 points to trade at 19.38 at the close. Qiagen NV (ETR:QIA) declined 0.19% or 0.09 points to end at 46.33 and RWE AG ST O.N. (ETR:RWEG) was up 0.27% or 0.11 points to 41.61.

The top performers on the MDAX were Tag Immobilien AG (ETR:TEGG) which rose 6.34% to 9.39, Duerr AG (ETR:DUEG) which was up 6.26% to settle at 22.40 and Talanx AG NA O.N. (ETR:TLXGn) which gained 5.19% to close at 39.70.

The worst performers were Encavis AG (ETR:ECVG) which was down 1.23% to 21.61 in late trade, Befesa SA (ETR:BFSA) which lost 1.07% to settle at 38.82 and Nemetschek AG O.N. (ETR:NEKG) which was down 1.02% to 58.36 at the close.

The top performers on the TecDAX were Morphosys AG O.N. (ETR:MORG) which rose 6.55% to 19.68, United Internet AG NA (ETR:UTDI) which was up 4.84% to settle at 22.95 and Kontron AG (ETR:KTN) which gained 3.25% to close at 16.52.

The worst performers were SMA Solar Technology AG (ETR:S92G) which was down 3.66% to 52.60 in late trade, Verbio Vereinigte Bioenergie AG (ETR:VBKG) which lost 2.92% to settle at 68.15 and Nemetschek AG O.N. (ETR:NEKG) which was down 1.02% to 58.36 at the close.

Rising stocks outnumbered declining ones on the Frankfurt Stock Exchange by 488 to 186 and 85 ended unchanged.

The DAX volatility index, which measures the implied volatility of DAX options, was down 1.34% to 25.71.

Gold Futures for December delivery was up 0.74% or 12.75 to $1,741.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in October rose 1.39% or 1.21 to hit $88.00 a barrel, while the November Brent oil contract rose 1.37% or 1.27 to trade at $94.11 a barrel.

EUR/USD was up 0.97% to 1.01, while EUR/GBP unchanged 0.00% to 0.87.

The US Dollar Index Futures was down 0.78% at 107.89.