FX.co ★ DAX Hovers Around Fresh High

On Tuesday afternoon, Frankfurt's DAX index maintained its position near a new record of 23,600, bolstered by encouraging sentiment data from Germany and a U.S. inflation report that was milder than anticipated. The ZEW Economic Sentiment Index for Germany leaped to 25.2 in May, exceeding the predicted value of 11.9. This surge was fueled by optimism regarding domestic stability and improved global trade dynamics. April's U.S. inflation figures provided a welcome surprise by coming in lower than expected, alleviating concerns about tariffs. In the corporate sector, healthcare and automobile companies outperformed. Among notable stocks, Bayer saw an increase of over 5% after surpassing Q1 expectations for sales and adjusted earnings and confirming its full-year forecast, despite a drop in net profits. On the downside, reinsurers Munich Re and Hannover Re experienced declines of 4.2% and 4.1%, respectively, following reports of Q1 profit reductions due to wildfire-related claims in Los Angeles.