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DAX Extends Gains On Trade Hopes

German stocks rose notably on Wednesday to extend gains from the previous session as trade war fears eased and the threat of another government shutdown in the U.S. receded.

Investors shrugged off political uncertainty in Spain, with media reports suggesting the socialist government would call a snap general election after its expected defeat in the budget vote.

The benchmark DAX was up 59 points or 0.53 percent at 11,185 in opening deals after climbing 1 percent the previous day.

Fraport AG rose half a percent. The company reported that Frankfurt Airport has served nearly 4.7 million passengers in January 2019, an increase of 2.3 percent last year.

Copper producer Aurubis rallied 2.5 percent after confirming its full-year forecast.

Hospital operator Rhoen-Klinikum edged up slightly after it acquired a
minority share in software provider Tiplu GmbH in Hamburg.

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