German equities advanced on Tuesday despite disappointing factory orders data. German factory orders plunged 1.7% in June, confronting expectations of a 0.8% decrease. Adding pressure on European stocks, Italy reported that its GDP contracted by 0.7% in Q2. German DAX Index rose 0.5% to trade at 6,952.46 at the time of writing. Eight out of nine sectors moved higher. The strongest industries were utilities and telecommunications. E.ON and RWE surged 1.99% and 1.48% while Deutsche Telekom added 0.96%. RWE jumped after the energy provider announced that it has increased Polish wind energy portfolio. Meanwhile, financial shares were mixed, with Deutsche Bank falling 0.67% and Allianz climbing 0.52%. On Friday, Allianz reported a 23% increase in net income for Q2.