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German equities jumped on Tuesday, drawing strength from hopes that Spain will soon apply for the bailout. Positive data from the US coupled with strong US equities also supported the stock index ahead of German bank holiday due on Wednesday. The DAX Index gained 0.50% and is currently trading at 7,334.03. Six out of nine sectors included in the index surged. The top-gainers were utilities and consumer services, advancing 1.03% and 1.87%. E.ON and RWE moved higher by 0.92% and 0.94%. Lenders also climbed, with Commerzbank and Deutsche Bank rising 1.19% and 0.84%. On the downside were telecommunications and basic materials. Deutsche Telecom, BASF SE and K+S AG tumbled 0.26%, 0.73% and 0.50%, respectively.