DAX Ends on Higher Note
Frankfurt's DAX index advanced on Tuesday, closing approximately 1.1% higher at 23,110. This upturn halted a four-day losing streak, bolstered by robust domestic economic data and optimism surrounding a potential easing of US trade tariffs. The Ifo Business Climate Index for Germany rose to its highest level in eight months, aligning with expectations. Businesses expressed optimism about a recovery, fueled by the parliament's recent approval of a substantial infrastructure and defense expenditure package. Concurrently, on Monday, President Donald Trump proposed sector-specific tariffs and exemptions for select countries starting April 2nd. This move eased concerns of a large-scale economic impact, despite ongoing uncertainty. Among individual stocks, Bayer recouped losses suffered from an adverse court decision, rallying 5.2%. The automotive sector saw gains, with BMW rising 1.9% amid diminished tariff concerns. Volkswagen, Mercedes-Benz Group, and Porsche also experienced increases. In the healthcare sector, Fresenius Medical Care gained 1.7%.
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