German Stocks Pare Losses; Siemens, TUI, Postbank Shares Rise

German stocks erased earlier losses, led by Siemens AG, Europe's biggest engineering company. TUI AG and Deutsche Postbank AG and also advanced.

The DAX Index increased 20.58, or 0.3 percent, to 7,820.2 at 1:02 p.m. in Frankfurt, after falling as much as 1.3 percent earlier. DAX futures expiring in December added 23.5, or 0.3 percent, to 7,857. The HDAX Index of the country's 110 biggest companies rose 0.1 percent.

Siemens increased 5.58 euros, or 5.9 percent, to 100.73. TUI, Europe's largest travel company, rallied 84 cents, or 4.1 percent, to 21.47 euros.

Deutsche Postbank, the worst performing stock on Germany's benchmark DAX Index this year, added 2.28 euros, or 5.2 percent, to 46.22.
pennystockwatch.org