Germany’s DAX Index was down marginally after the spike in German bond yields, with real estate showing the worst decline, followed by industrials. Banks rose sharply, with Commerzbank gaining 5.83% and Deutsche Bank up 2.13%. Banks benefit from higher interest rates.
Traders walk past German DAX Index board. Photo: Reuters/Ralph Orlowski
Germany’s DAX slightly down with rise in bond yields
Real estate fared the worst, followed by industrials.