The German market was firmly in positive territory on Tuesday, partly due to bargain-hunting as investors chose to make the most out of beaten-down stocks, after German business confidence improved unexpectedly in August.
Reports citing data from the the Munich-based Ifo Institute said the Ifo Business Climate Index rose to 108.3 in August from 108 a month ago. It was forecast to fall to 107.6
Likewise, the current conditions index of the survey climbed to 114.8 from 113.9. Economists had forecast the indicator to remain unchanged at 113.9.
Meanwhile, Germany's economic growth improved as initially estimated in the second quarter, driven by strong exports. Gross domestic product rose 0.4 percent quarter-on-quarter, faster than the 0.3 percent expansion seen in the first three months of the year, final data from Destatis showed.
The Euro Stoxx 50 index of eurozone bluechip stocks climbed 3.48 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, gained 3.45 percent.
The DAX index climbed 3.16 percent.
Potash maker K+S gained 3.7 percent and business software maker SAP added 3.2 percent.
Deutsche Boerse and Lanxess climbed around 3 percent each.
BMW added 1.6 percent, Volkswagen climbed 1.4 percent and Daimler rose moderately.
Other markets in the region were also firmly in the green.
The Asian stocks recovered from early weakness to end mostly higher even as Chinese and Japanese shares succumbed to heavy selling pressure on renewed fears over China's stalling growth and the risk to China's real economy from its stock-market turmoil.
In the U.S., futures point to a higher open on Wall Street. In the previous session, the Dow industrials plunged by over 5 percent, the S&P 500 slumped 3.9 percent and the tech-heavy Nasdaq tumbled 3.8 percent.
Crude for October delivery rose $0.77 to $39.01 per barrel, while December gold fell $5.5 to $1148.1 a troy ounce.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.