German DAX index soared rapidly on Monday after Spain over the weekend called European Union to provide help for the nation's struggling banking sector. Euro opened at two week high but retreated during session. German banks and car makers recovered on hopes Spain's turmoil will be resolved at least for short-term period. Deutsche Bank surged 1.5% and Commerzbank advanced 1.1%. Volkswagen rallied 4% and BMW AG soared 2.2%. At the moment of writing DAX 30 trades 1.5% or 93 points higher at 6,223.7.