Euro and DAX lifted after survey shows German economic contraction less severe than feared

The euro and German government bond yields rose, while Frankfurt’s DAX index flirted with fresh five month highs, after surveys released Thursday showed activity in the eurozone’s biggest economy was stronger than expected in November.

The preliminary German composite purchasing managers index, covering activity in private sector services and manufacturing, rose from 45.9 in October to 47.1 this month, beating forecasts of 46.5.

A…