Deutsche Bank, the session's most traded stock, rose 4.94 per cent to 53.95 euros while Dresdner Bank shares also rose 7.09 per cent amid speculation the group could make a US acquisition.
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GERMANY'S ELECTRONIC Xetra DAX index climbed almost 2 per cent, spurred by a strong start on Wall Street and gains in some of Frankfurt's most heavily traded stocks. The index closed up 1.82 per cent - 95.69 points - at 5,364.81, driven higher by gains in Deutsche Bank and Deutsche Telekom.