Munich Re, the world's largest reinsurer, rose nearly 2 per cent, while rival Allianz gained 2.5 per cent, as investors expect European insurance companies to increase competitiveness once the single currency comes into being.
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DESPITE A lack of activity in the run-up to the euro, shares in German companies continued the upward trend of the previous four trading days, with the benchmark DAX index gaining 0.3 per cent to finish at 5,056.