Overview

• The DAX surged to a record 24,161 points on Tuesday before trading steadied around the 24,000 mark.
• President Trump’s decision to push new tariffs on EU imports back to July 9 has eased volatility in European equity markets.
• Shares of defense firms Rheinmetall, Renk and Hensoldt hit fresh peaks amid ongoing Ukraine conflict and NATO spending talks.
• Markets are pricing in the likelihood of European Central Bank rate cuts to support growth in the coming months.
• A proposed €500 billion debt-financed German investment package and a weaker euro have further underpinned investor optimism.