FRANKFURT (dpa-AFX) – The German stock market barometer DAX continued its positive run on Tuesday, benefiting from well-received quarterly reports. The focus is also on the GfK consumer climate index for May. It shows that although consumer sentiment in Germany is gloomy, it has brightened somewhat and turned out better than forecast.
On top of that, reports in the Wall Street Journal and by the Bloomberg news agency about US President Donald Trump’s willingness to back down on tariffs for the auto industry are likely to boost sentiment further. Relief is now expected in this area.
After five positive trading days, the German benchmark index rose by 0.5 percent to 22,373 points shortly after the start of trading. The day before, the DAX had even risen briefly to 22,443 points, recovering by a good 21 percent from its monthly low.
The dip in prices since US President Trump announced the “Day of Liberation” for the…
