DJ MARKET TALK: Surge Allows DAX to Overtake S&P 500 for 2012

11:28 (Dow Jones) Sie Germans overtakes the S&P 500 in the yearly equity-benchmark performance race amid today’s fiercely bullish charge in European equities. The DAX’s 3.7% surge puts the index up 8.2% for the year, out in front of the S&P 500’s 7.7% gain for 2012 as the US benchmark’s pop clocks in a relatively modest 1.8%. “The very positive response to the EU summit agreement in the small hours of Friday morning continues to build,” says Miller Tabak’s Andrew Wilkinson. Spain’s IBEX 35 jumps 4.8% while France’s CAC 40 catapults 4.3%. (christopher.dieterich@dowjones.com)