DAX 30 rebounds on German confidence report

After experiencing loss on Monday, German DAX index opened flat at 5,808.88 on Tuesday morning. However, German benchmark recovered sharply after ZEW reported that investor confidence index for December was higher than expected. Auto producer Volkswagen AG gained 1.6% after the company presented 15% increase in November sales on yearly basis while BMW AG added 1.9%. Adidas AG and Deutsche Telekom climbed 1.51% and 1.31%, accordingly. German financials, however, remained on the downside with Commerzbank losing 2.77% and Deutschebank edging down 1.26%.