Germany's benchmark DAX Index rose for the first time in four days. Commerzbank AG, the country's second-biggest bank, jumped after reporting a 56 percent increase in third-quarter earnings.
Deutsche Telekom AG paced gains after Google Inc. said it will work with T-Mobile USA Inc., a unit of Deutsche Telekom, to develop new products. Aixtron AG gained after reporting earnings.
The DAX Index added 39.94, or 0.5 percent, to 7,847.49 as of 1:47 p.m. in Frankfurt. DAX futures expiring in December rose 49, or 0.6 percent, to 7,893. The HDAX Index of the country's 110 biggest companies gained 26.41, or 0.7 percent, to 4,030.01.
Commerzbank climbed 3.2 percent to 28.05 euros after saying third-quarter profit rose to 339 million euros ($493.1 million) from 217 million euros a year earlier.
The bank made larger-than-forecast writedowns of 291 million euros on investments linked to U.S. subprime mortgages.
``The key is finally getting clarity on the writedowns,'' said Andrea Williams, who helps oversee $63 billion at Royal London Asset Management, including Commerzbank shares. ``Commerzbank has far lower exposure than the big investment banks due to its business mix.''
Deutsche Telekom climbed 1.4 percent to 14.11 euros. Google plans to create an operating system called ``Android,'' working with an alliance of companies including T-Mobile's parent company, to develop software applications for mobile phones. The plans were announced after trading closed in Germany yesterday.
Aixtron rallied 6.3 percent to 8.77 euros. The semiconductor-equipment maker, whose shares have more than doubled this year, said third-quarter net income climbed to 3.36 million euros from 1.94 million euros a year earlier.
investpennystocks.com
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