Brazil Stocks Drop as Central Bank Minutes Raise Rate Concern

By Henrietta Rumberger and Stefanie Haxel

July 31 (Bloomberg) -- Germany's DAX Index recovered earlier losses as Siemens AG, Deutsche Telekom AG and Bayer AG increased.

The benchmark DAX Index increased 9.39, or 0.2 percent, to 6,469.51 as of 4:09 p.m. in Frankfurt after losing as much as 0.5 percent earlier. DAX futures expiring in September climbed 0.1 percent to 6,511. The HDAX Index of the country's 110 biggest companies added 0.4 percent.

Deutsche Telekom, Europe's largest phone company, increased 18.5 cents, or 1.7 percent, to 11.075 euros.

Siemens AG, Europe's largest engineering company, gained 1.16 euros, or 1.5 percent, to 78.61.

Bayer, Germany's biggest drugmaker, added 1.09 euros, or 2 percent, to 55.71.

To contact the reporter on this story: Henrietta Rumberger in Frankfurt at hrumberger@bloomberg.net; Stefanie Haxel in Frankfurt at shaxel@bloomberg.net