The German market is moderately higher in afternoon trading Tuesday, led by automakers and chemical firms. Some positive domestic economic data as well as firm commodity prices boosted sentiment, even as concerns about eurozone economic worries lingered.
The Euro Stoxx 50 index of eurozone blue chippers is adding 0.46 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, is advancing 0.23 percent.
The DAX index opened slightly higher at 7,130 and has been seeing volatile trading. The index is currently adding 0.78 percent.
Chipmaker Infineon Technologies is adding 2.7 percent. SAP is adding 0.8 percent.
Fertilizer maker K+S is advancing 2.5 percent after the company reportedly received a positive broker action. Basf and Bayer are gaining 1.6 percent and 0.9 percent, respectively.
Carmakers BMW, Volkswagen and Daimler are rising between 1.7 percent and 1.3 percent.
Outside the main index, Sanitas AB is surging about 74 percent in Frankfurt after Canada's Valeant Pharmaceuticals International, Inc. said it has agreed to acquire the Lithuania-based pharmaceutical firm.
Commerzbank is plunging 18.75 percent, while Deutsche Bank is falling 0.4 percent. Moody's Investors Service said it placed the ratings of 14 of the 18 British financial institutions, including Royal Bank of Scotland, for a possible downgrade.
Lufthansa is down 1.2 percent. Several flights to and from Scotland have been canceled due to the volcanic eruption.
Merck is falling 0.1 percent. Commerzbank cut its price target on the drugmaker to 75 euros from 82 euros.
Elsewhere in Europe, the French CAC 40 is adding 0.28 percent and the UK's FTSE 100 is gaining 0.48 percent. Switzerland's SMI is rising 0.18 percent.
In economic news, the German economy expanded 1.5 percent in the first quarter from the previous quarter, in line with the initial estimate, data from the Federal Statistical Office showed. The sequential growth rate accelerated sharply from the 0.4 percent expansion seen in the fourth quarter.
German business sentiment remained unchanged at 114.2 in May, reports said citing a monthly survey from the Ifo institute. Economists were expecting it to fall to 113.7.
Meanwhile, data released by Eurostat showed that eurozone industrial new orders declined more than expected in March. Total industrial orders fell 1.8 percent month-on-month, after a revised 0.5 percent rise in the previous month. Economists had forecast 1.1 percent decline for March.
Across Asia/Pacific, major markets had a mixed outing. Australia's All Ordinaries lost 0.31 percent and China's Shanghai Composite slipped 0.25 percent. However, Hong Kong's Hang Seng gained 0.09 percent and Japan's Nikkei 225 added 0.17 percent.
In the U.S., futures point to a higher open on Wall Street. In the previous session, the Dow fell 1.1 percent, the Nasdaq dropped 1.6 percent and the S&P 500 slid 1.2 percent.
In the commodity space, crude for July delivery is adding $1.31 to $99.01 per barrel and June gold is advancing $7.4 to $1522.8 a troy ounce.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.