German Stocks Erase Declines, Led by Volkswagen, Commerzbank

By Stefanie Haxel

Jan. 30 (Bloomberg) -- German stocks erased declines as Volkswagen AG and Commerzbank AG rose. ThyssenKrupp AG, Germany’s largest steelmaker, led falling shares.

The benchmark DAX Index added 0.1 percent to 4,432.78 as of 9:48 a.m. in Frankfurt after falling as much as 1 percent earlier. The broader HDAX Index of the country biggest companies also advanced 0.1 percent.

Volkswagen, Europe’s largest carmaker, advanced 10.19 euros, or 4 percent, to 265.19. Commerzbank, Germany’s second- largest bank, gained 8 cents, or 2.3 percent, to 3.605 euros.

ThyssenKrupp fell 40 cents, or 2.4 percent, to 16.30 euros.

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