The German stock market’s key index DAX reached a three-week high on Tuesday morning, buoyed by recent positive regional PMI data, a rebound in commodity markets, and a reduction in geopolitical and trade tensions that have contributed to improved sentiment. The likelihood of the U.S. Congress passing a spending bill to resolve the government shutdown contributed positively to the situation.

The DAX, having reached a peak of 25,109.25 earlier in the session, recorded an increase of 81.81 points or 0.33% at 24,866.73 shortly before noon.

• Daimler Truck Holding experienced an increase of 3.75%.
• Deutsche Post and Siemens Energy experienced increases of 2.3% and 2.2%, respectively.
• Commerzbank experienced an increase of 1.8%, whereas Rheinmetall, Mercedes-Benz, Deutsche Bank, Siemens, Fresenius, and MTU Aero Engines saw gains ranging from 1.3% to 1.6%.
• Fresenius Medical Care, BMW, Volkswagen, Brenntag, BASF, RWE, and Allianz experienced upward movement.

Zalando experienced a decline of nearly 8%. The company encounters challenges stemming from the swift ascent of social-media commerce platforms like TikTok Shop, as noted by Morgan Stanley. Merck experienced a decline of 3% subsequent to a rating downgrade issued by Deutsche Bank. Infineon Technologies declined approximately 2.5%, while Scout24 experienced a decrease of 2.1%.

SAP, E.ON, Symrise, Deutsche Boerse, and Hannover Rueck were also experiencing declines shortly before noon, albeit with less significant losses. Shares of wind turbine manufacturer Nordex experienced an increase of nearly 1.5% following the company’s acquisition of an 189MW order from OX2 for turbines intended for the Fragerasen wind farm in Sweden.