Market Rebounds as Trade War Fears Subside

In a remarkable turnaround, Germany's DAX index surged over 2% this Tuesday, marking a significant recovery from the recent downturns. This upward movement follows a period of heightened volatility, triggered by President Donald Trump's announcement of widespread global tariffs, which had previously unsettled markets.

European Markets Join the Rally

By 1:38 pm CET, the DAX was up by 2.27%, with the FTSE 100 and the CAC 40 not far behind, registering gains of 2.48% and 2.13%, respectively. The Euro Stoxx 50 also saw an improvement, climbing by 2.12%.

Currency Markets Respond Positively

The euro appreciated by 0.27% against the dollar, trading at $1.09378 by 1:30 pm CET. Similarly, the pound strengthened by 0.38% against the dollar, reaching $1.27729, signaling a broader market optimism.