DAX 30 jumps after Spanish bond auction, German investor confidence data

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Source: Dukascopy Bank
German DAX index jumped on Tuesday as data showed country's investor confidence unexpectedly surged in April, reaching a 2-year high and Euro Zone inflation remained stable at 2.7%. Additionally US building permits soared while new housing starts declined. Financials provided main upside contribution to the index on successful Spanish debt sale. Commerzbank advanced 3.2% and Deutsche Bank gained 2.5%. At the moment of writing DAX index trades 1.47% or 96.04 points higher at 6,725.33. 

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