Euro and DAX lifted after survey exhibits German financial contraction much less extreme than feared

The euro and German authorities bond yields rose, whereas Frankfurt’s DAX index flirted with contemporary 5 month highs, after surveys launched Thursday confirmed exercise within the eurozone’s largest financial system was stronger than anticipated in November.

The preliminary German composite buying managers index, masking exercise in personal sector providers and manufacturing, rose from 45.9 in October to 47.1 this month, beating forecasts of 46.5.

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