European Markets Show Strong Recovery

In a notable turnaround, Germany's DAX index surged over 2% this Tuesday, marking a significant recovery from its recent downturns. This rebound follows a period of heightened volatility, triggered by US President Donald Trump's announcement of sweeping global tariffs, which had previously unsettled markets worldwide.

Across the Board Gains

By 1:38 pm CET, the DAX had climbed 2.27%, with the FTSE 100 and the CAC 40 not far behind, posting gains of 2.48% and 2.13%, respectively. The Euro Stoxx 50 also saw an uptick, improving by 2.12%.

Currency Movements

The euro and pound both made gains against the dollar, with the euro trading 0.27% higher at $1.09378 and the pound advancing 0.38% to $1.27729 by 1:30 pm CET.