Germany's benchmark DAX index rallies

The benchmark DAX index at the Frankfurt Stock Exchange on Friday rallied and closed at 10,167.77 points.
In spite of the turmoil on some financial markets in the world as a result of the decision by the Swiss National Bank (SNB) to scrub its exchange rate cap with euro, the blue-chip index touched an all-time high of 10,207.97 points. It finally rose by 1.35 percent and analysts believe the expectation for an announcement from the European Central Bank to buy government bonds was behind the rally.
The utilities company RWE AG St rose the most by 4.4 percent. ThyssenKrupp AG continued its upward trend, gaining 2.9 percent. Volkswagen AG Vz advanced by 2.84 percent. BMW AG St added 2.77 percent and Bayer AG went up by 2.66 percent.