The Business Times

US: Stocks rise with European equities on German data

Published Fri, Feb 13, 2015 · 03:03 PM

[NEW YORK] US stocks followed European equity markets higher on Friday following a surprisingly strong report on German economic growth.

Five minutes into trade, the Dow Jones Industrial Average was at 17,982.20, up 9.82 points.

The broad-based S&P 500 added 0.86 at 2,089.34, while the tech-rich Nasdaq Composite Index rose 13.28 to 4,871.63.

In the period from October to December, gross domestic product in Europe's biggest economy expanded by 0.7 per cent quarter-over-quarter, bringing full-year growth to 1.6 per cent, the German federal statistics office said.

The strong data helped push the German DAX index above 11,000 for the first time and lifted other European indices.

Economic activity in the eurozone as a whole rose 0.3 per cent in the fourth quarter, the official Eurostat agency said.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to

Capital Markets & Currencies


Get the latest coverage and full access to all BT premium content.


Browse corporate subscription here