Market Rebounds as Trade War Fears Subside

In a remarkable turnaround, Germany's DAX index soared more than 2% on Tuesday, marking a significant recovery from the recent downturns. This resurgence follows a period of heightened volatility, triggered by US President Donald Trump's announcement of sweeping global tariffs that unsettled markets worldwide.

European Markets on the Rise

By 1:38 pm CET, the DAX had climbed 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 uptick, improving by 2.12%.

Currency Movements Reflect Optimism

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