23 May
DAX index gains amid investors' expectations of softer US import tariffs
European markets closed higher on Tuesday as investors were relatively optimistic about US President Donald Trump's trade policies. The German stock index DAX topped the regional gains, climbing by 1.13%. Such a rise was driven by improved business sentiment in the country, CNBC reports.
Shares of German biotech company Bayer jumped more than 5%, recovering from a 7% drop in the previous session. Meanwhile, software maker SAP strengthened its position as the most valuable company in Europe. The German software giant’s shares climbed 1.5%. Investors expect the company's revenues to boost amid the artificial intelligence boom, says CNBC.
Meanwhile, the pan-European Stoxx 600 index closed 0.67% higher as most sectors and all major bourses were in positive territory, CNBC noted.
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