DAX 40 gains on easing trade concerns

The DAX 40 began Tuesday's trading session up 0.69%, ignoring the release of German business confidence data. Despite positive expectations, the Ifo Business Climate Index for March was only moderately higher than the previous month's reading — 86.7 vs. 85.3.

The indicators pointed to a gradual improvement in business sentiment. However, they did not trigger a new impulse in the stock market.

A day earlier, the DAX closed at 23,119, slightly lower than its recent highs. The index had earlier been supported by strong PMI data showing that the German private sector grew at its fastest pace in 10 months in March. This was backed by manufacturing activity, which expanded for the first time in two years.

Investors also keep monitoring the US tariff policy. According to Donald Trump's statements, not all previously discussed tariffs will be imposed on April 2, and some countries may get an exemption. This has eased fears of a global trade confrontation.