The DAX index opened Tuesday’s trading session with modest gains. By 9:30 AM, the benchmark index was calculated at approximately 24,100 points, a 0.1 percent increase from the previous day’s closing level. Leading the gains were Commerzbank, Rheinmetall and Daimler Truck, while FMC, Porsche and Zalando closed among the top performers.
Market analyst Jochen Stanzl of CMC Markets attributed the upward movement to recent developments, noting, “Donald Trump is squeezing again, pushing the DAX above 24,000 points”. He suggested that investors appear to be attempting to retest last week’s peak. Stanzl cautioned, however, that the index’s trajectory remains dependent on the fluctuating news landscape of trade policy, highlighting those developments remain inherently unpredictable. He emphasized that uncertainty lingers even after the extension of the reciprocal tariffs pause, indicating that a sustainable rally hinges on reaching a trade agreement with the United States.
Stanzl added that the European Union received a mixed signal this morning. While the extension of the tariff pause until August is viewed positively, the continued imposition of sectoral tariffs on automobiles, auto parts, aluminum and steel until that date presents a continued challenge. He suggested that US President Trump is engaging in a familiar pattern of issuing threats before entering into negotiations, indicating an apparent recognition that implementing the reciprocal tariffs would likely undermine ongoing discussions.
The euro strengthened against the US dollar, trading at $1.1756, with a corresponding dollar exchange rate of €0.8506.
In contrast, oil prices decreased; Brent North Sea crude was trading at $69.35 per barrel around 9:00 AM local time, representing a 23-cent or 0.3 percent decline from the previous day’s closing price.
