German equities surged on Monday, being boosted by the ECB pledge to preserve the Euro by any means. Recent slowdown in the US GDP growth also supported German stock index as investors hope for monetary easing by the Fed. At the same time, possible increase in Eurozone's jobless rate to 11.2% in June restricted rally of German shares. German DAX 30 Index added 0.84% to trade at 6,745 at the time of writing. Financial shares rallied, with Deutsche Bank and Commerzbank climbing 3.24% and 2.92%. Meanwhile, telecommunications sector was the weakest, with Deutsche Telekom retreating 1.43%.