German equities advanced after Spain's debt sale

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Source: Dukascopy Bank SA
German shares remained higher on Thursday as positive reports from China's economy boosted global demand for riskier assets. Sending German equities higher, Spanish borrowing costs slid during ten-year sovereign bond auction on Thursday. Spain's Treasury sold EUR1.51 billion of ten-year government bonds generating average yield of 5.458% compared to 5.666% at the similar debt auction in September. The DAX Index rose 0.43% and is currently trading at 7,426.29. Seven out of nine sectors included in the index jumped. Consumer goods and services sectors posted the biggest gains. On the upside were also financials, with Deutsche Bank and Commerzbank climbing 1.52% and 1.29%. At the same time, health care companies dropped 0.50%. Fresenius Medical Care and Fresenius SE & Co sank 0.52% and 1.07%.

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