German stocks rose on Wednesday after the German Constitutional Court baked up the euro area bailout fund. Hopes for easing in the US and China also spurred rally of German shares. DAX Index added 0.48% to trade at 7,354.22. Six out of nine business sectors included in the index posted gains. The top-performers were technology and financial firms. SAP advanced by 1.68%. Among financials, Commerzbank and Deutsche Bank rallied 7.83% and 0.98%. Deutsche Bank announced that it plans to cut costs by EUR4.5 billion to increase profitability amid higher capital requirements. At the same time, telecommunications and health care firms capped the upswing of the DAX index. Deutsche Telecom tumbled 1.18% while Fresenius Medical Care AG & Co and Fresenius SE & Co slid 0.37% and 0.82%.