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The DAX gets a boost but this time it is Commerzbank doing the heavy lifting
In recent days it has been the automative sector that has been hurting the DAX. Well, just now the index is rising to session highs above 18,400 and outperforming all its European peers. The reason for this is a surge in the price of the beleaguered German lender, Commerzbank. It seems that the Italian banking outfit, Unicredit is now after Commezbank and that helped to send the share price higher earlier today. Well, it is now up over 20% after the German government said it will not release more shares onto the market. So, that has boosted the share price even more that is why the DAX is rising now this afternoon
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