Stock market: Dax and Commerzbank share price rally

The DAX continued to gain ground on Tuesday. It was last trading at 24,156 points, up 0.5 percent. Meanwhile, the MDAX , which includes mid-cap companies, fell 0.2 percent to 30,699 points. The Eurozone's leading index, the EuroStoxx 50, gained 0.1 percent. Among the biggest gainers in the DAX were shares of Bayer and Commerzbank, which gained more than 3 percent, reaching their highest level in more than 10 years.

On Monday evening, US PresidentDonald Trump (79) postponed the deadline for new tariffs from this Wednesday to August 1 and published more than a dozen letters with varying tariff levels to several countries. The new deadline allows more time for negotiations.

Stephen Innes of SPI Asset Management commented on the overall calm market reaction, saying that the markets have now learned to deal with Trump's rhetoric of threats and subsequent concessions. While the US stock markets paid tribute to their previous rally at the beginning of the week, Asian markets have largely been moving upwards recently.

Although Trump had announced high tariffs on imports from several Asian countries, White House spokeswoman Karoline Leavitt said that reciprocal tariffs or the new tariffs listed in the letters would go into effect—"or agreements will be reached." These countries will continue to negotiate with the United States.

Daimler Truck is in the spotlight on the German stock market. The commercial vehicle manufacturer announced further share buybacks worth up to two billion euros. This is obviously positive news, according to market commentators. However, some investors had apparently hoped for even more. Now they are awaiting further statements from the company at its capital markets day, which begins this afternoon. Shares initially showed little movement.

Meanwhile, Vossloh shares rose 1.2 percent to €87.25, indicating a continuation of the rail and transportation technology group's recent price rally. Bank Quirin maintains its buy rating and significantly raised its price target from €58.50 to €102.00.

US stock markets weakened on Monday amid massive US tariff threats against Japan and South Korea. President Trump's dispatch of the first of several announced letters with new tariff regulations temporarily put pressure on Wall Street. However, by the close of trading, the indices had recovered from their daily lows after the White House postponed the deadline for the tariffs, previously planned for this Wednesday, to August 1.

After the long holiday weekend, the Dow Jones Industrial Average fell 0.9 percent to 44,406 points. The S&P 500 and the Nasdaq 100 each fell 0.8 percent. The broad S&P closed at 6,229.9 points. The technology-focused index ended the day at 22,685 points.

Oil prices fell again slightly. A barrel (159 liters) of North Sea Brent crude for September delivery cost $69.30, down 28 cents from Monday. The price of a barrel of the US WTI crude fell to $67.61.