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DAX Rises After Upbeat China Data; Zalando Shares Surge

German stocks advanced on Tuesday as the latest Chinese home price data boosted investor confidence in the world's second-largest economy and Zalando, the biggest online fashion retailer in Europe, said it would post an unexpected profit in the first quarter.

Housing prices in 70 major Chinese cities increased an average of 10.6 percent year-on-year in March, adding to hopes that Beijing's stimulus measures aimed at boosting the economy were having an effect.

The benchmark DAX was up 87 points or 0.72 percent at 12,106 in opening deals after closing up 0.2 percent the previous day.

Zalando shares jumped 11 percent after the e-commerce company said it posted an operating profit in the first quarter.

On the other hand, Deutsche Lufthansa edged down half a percent. The country's biggest airline said its adjusted EBIT was negative 336 million euros for the first three months of 2019, compared to 52 million euros last year.

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