[video]The Deal: European and Asian Shares Bounce Back
Germany did particularly well with Frankfurt's DAX index at one point hitting a new record of 9643, a jump of nearly 1%. Insurer Allianz and Germany's No. 2 lender Commerzbank moved up strongly, as did auto and utility stocks. But German economic figures released Wednesday also disappointed slightly. GDP growth in 2013 was 0.4%, down from 0.7% in 2012. While consumer spending was up, the German export juggernaut advanced more slowly than in previous years and capital expenditure and investment by industry was down by 2.2%.
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