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Germany's benchmark DAX index climbs

Xinhua, April 8, 2015 Adjust font size:

The benchmark DAX index at the Frankfurt Stock Exchange on Tuesday climbed by 1.3 percent to close at 12,123.52 points.

A rate hike is not possible in the coming months as the labor market has not developed as well as expected in the United States, which helped boost the blue-chip index in Germany, according to the German business daily Handelsblatt.

Two utilities companies led the risers' list. RWE AG St advanced by 4.02 percent, followed by E.ON SE up by 3.89 percent. The chemical company BASF SE climbed by 2.62 percent. Deutsche Post AG added 2.59 percent and Infineon Technologies AG, a semiconductor producer, went up by 2.5 percent.

Deutsche Lufthansa AG, trapped in the aftermath of the crash of an airliner of its subsidiary Germanwings, dropped by 1.89 percent. Daimler AG slipped slightly by 0.7 percent and BMW AG St lost merely 0.04 percent.

The turnover stood at 3.96 billion euros (around 4.35 billion U.S. dollars ). Daimler AG continued to be the most traded share of the day with a turnover of 378.25 million euros (around 415.55 million U.S. dollars). Enditem