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.