DAX Moves Higher As Lower Oil Prices, Bond Yields Offset Weak Economic Data

Despite weak factory orders and construction sector data, the German market gained significant ground in positive territory Tuesday morning thanks to a sharp drop in crude oil prices and lower Euro zone bond yields.

Brent crude futures fell to $98.66 a barrel, losing about 1.7% from previous close. The yield on Germany’s 10-year government bond dropped to 3.441% before edging up to $3.467%, still down by about 0.04% from previous close.