European Markets Show Strong Recovery

Germany's DAX index experienced a notable uptick, climbing more than 2% this Tuesday. This surge marks a significant rebound from the recent downturns caused by the announcement of extensive global tariffs by US President Donald Trump, which had previously led to widespread market instability.

Across the Board Gains

By 1:38 pm CET, not only did the DAX rise by an impressive 2.27%, but the FTSE 100 and the CAC 40 also saw increases of 2.48% and 2.13%, respectively. The Euro Stoxx 50 wasn't left behind, improving by 2.12%.

Currency Movements

The euro strengthened against the dollar, trading 0.27% higher to $1.09378 by 1:30 pm CET. Similarly, the pound appreciated by 0.38% against the dollar, reaching $1.27729.