DAX 40 closes 0.6% higher at 26,285
The German DAX 40 closes about 0.6% firmer at 26,285, its highest in over a week, as sector gains led by technology and utilities lifted sentiment ahead of Nvidia earnings.
The DAX 40 closed about 0.6% firmer at 26,285 on Tuesday, the highest in over a week, amid easing Middle East concerns and as technology stocks recovered ahead of the highly anticipated Nvidia earnings report.
Positive domestic GDP and business confidence data also boosted sentiment.
US Treasury Secretary Scott Bessent provided few details on potential measures to increase pressure on Iran, while speculation over a possible return of US officials to negotiations raised hopes for renewed diplomatic engagement.
Industrials, tech and utilities led sectoral gains.
Among individual stocks, Scout24 led the way, climbing 4.5%, followed by Siemens Energy (3.2%).
The German energy technology company was bolstered by reports that it is working with Goldman Sachs Group as it prepares to receive offers for a majority stake in its steam turbine business.