After experiencing loss on Monday, German DAX
index opened flat at 5,808.88 on Tuesday morning. However, German benchmark
recovered sharply after ZEW reported that investor confidence index for December
was higher than expected. Auto producer Volkswagen AG gained 1.6% after the company
presented 15% increase in November sales on yearly basis while BMW AG added
1.9%. Adidas AG and Deutsche Telekom climbed 1.51% and 1.31%, accordingly. German
financials, however, remained on the downside with Commerzbank losing 2.77% and
Deutschebank edging down 1.26%.