Following a slight uptick at the opening, the benchmark index in DAX experienced further gains in positive territory on Tuesday, driven by robust buying momentum in the agrochemical and pharmaceutical giant Bayer. Indications of advancement in Ukraine peace negotiations bolstered sentiment. Following a meeting between U.S. officials and a Ukrainian delegation in Florida, Ukrainian President Volodymyr Zelenskyy remarked that the updated U.S. proposal for resolving the conflict with Russia “looks better.” reports indicate that U.S. President Donald Trump’s special envoy Steve Witkoff has departed for Moscow to engage with Russian President Vladimir Putin regarding a revised 19-point peace plan aimed at resolving the Ukraine conflict. The DAX experienced an increase of 189.13 points, reflecting a rise of 0.8%, reaching a level of 23,786.57 recently.

Bayer shares experienced a significant increase of 15% this morning following the endorsement from the Trump administration of the company’s request to the Supreme Court to limit litigation claiming that its Roundup pesticide is linked to cancer. The stock subsequently reduced some of its gains and was last observed with an increase of 9%. Siemens Energy experienced an increase of approximately 3.5%. Deutsche Bank and BASF experienced increases of 2.5% and 2.3%, respectively. Volkswagen, Deutsche Boerse, Infineon, Commerzbank, Mercedes-Benz, and Porsche Automobil experienced gains ranging from 1 to 2%. Scout24, Gea Group, Daimler Truck Holding, Qiagen, Brenntag, SAP, Henkel, and Adidas experienced declines, ranging from sharp to moderate losses.

In economic news, Euro area consumer price inflation increased to 2.2% in November, up from 2.1% in October and marginally exceeding market expectations of 2.1%, based on a preliminary estimate. In the context of Europe’s major economies, Germany has experienced an uptick in its inflation rate, now at 2.6%, marking the highest level since February and surpassing the ECB’s target of 2%.

In the interim, inflation in France has consistently stayed significantly below the target level, recorded at 0.8%. The seasonally adjusted unemployment rate in the Euro Area stood at 6.4% in October, aligning with the revised figure from September and marginally exceeding market expectations of 6.3%.