FRANKFURT (dpa-AFX) - The Dax made up for most of its recent losses on Tuesday. It closed 0.69 percent higher at 20,271.33 points. This brings the record high of almost 20,523 points, which is around a month old, back into focus for the German leading index. Once again, some hope emerged among investors that US President-elect Donald Trump would adopt a more cautious tariff policy. Encouraging inflation data from the United States only briefly gave the Dax additional momentum.

The midcap MDAX, which has also been lagging behind its big brother so far in 2025 after a weak previous year, ultimately recovered by 0.50 percent to 25,167.49 points. The eurozone index EuroStoxx rose by 0.53 percent. In London, there were slight losses, while Zurich closed almost unchanged. The US leading index Dow Jones Industrial gained 0.9 percent at the end of European trading, whereas the technology-heavy Nasdaq 100, which had already weakened the previous day, was down slightly.

According to a report in the German newspaper 'der Kreis', a team of advisors to Trump is considering a slow and gradual increase in tariffs to strengthen the US negotiating position while counteracting a rise in inflation. "This approach would at least be less confrontational than the threats made during the election campaign," commented Sandro Pannagl, an expert at Landesbank Baden-Württemberg. However, he does not see it as achieving more than sending a signal. "Whether Trump will ultimately listen to his advisors is another matter."/gl/he