Overview

• The DAX gained 0.5% on Tuesday morning, reaching 22,373 points after a five-day rally, recovering over 21% from its mid-April low.
• Rheinmetall reported a 46% Q1 revenue increase, driven by a 73% surge in defense sales, boosting its stock nearly 7%.
• MTU Aero Engines exceeded expectations with Q1 revenue of €2.09 billion, up 25%, and an EBIT margin increase to 14.2%.
• Lufthansa reduced its Q1 operating loss to €722 million, while Porsche saw a 40.6% drop in operating profit to €760 million, dragging its shares down 4%.
• Global markets remain cautious as unresolved U.S.-China tariff disputes and upcoming U.S. corporate earnings season shape investor outlook.