Germany's DAX hits 2016 high, boosted by Wall Street and earnings

martes 9 de agosto de 2016 12:21 GYT

* STOXX Europe 600 index up 0.9 pct

* Altice and SFR among top gainers

* Miners track weaker metals prices (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets)

By Alistair Smout and Atul Prakash

LONDON, Aug 9 (Reuters) - Germany's top share index hit a new high for 2016 on Tuesday as European shares advanced for a fifth straight session, boosted by new highs on Wall Street and strong results from companies like Munich Re.

Germany's DAX closed up 2.5 percent, having hit 10,701.33, its highest level since the last trading day of 2015.

The index is up 16 percent from its June low and 23 percent from a trough hit in February, meaning in technical terms it is in "bull market" territory.

The STOXX Europe 600 was up 0.9 percent, in positive territory for a fifth straight session. It is just 0.4 percent away from regaining all of its losses made after Britain voted to leave the European Union on June 23.

Appetite for equities was also buoyed as the S&P 500 and Nasdaq both hit fresh record highs on Wall Street.   Continuación...