German DAX up after Spanish bond auction

Despite a sharp drop in Zew sentiment index German DAX index managed to trade higher on Tuesday. The nation's benchmark index soared after Spain managed to sell the planned amount of bonds, though at significantly higher yields than in previous month. Moreover emerging market economies pledged to boost IMF firepower during G-20 meeting. Engineering company MAN SE led the gains and added 2.2%. Drug maker Bayer AG extended advance and climbed 1.5%. On the downside Deutsche Bank gave up 1%. At the moment of writing DAX 30 is 0.5% or 33 points up at 6,280.