Stock market: Dax continues to recover, HelloFresh increases profitability, Porsche slumps

After five days of favorable trading, the DAX climbed 0.5 percent to 22,373 points on Tuesday morning and initially maintained its gains throughout the remainder of trading. The day before, the DAX briefly climbed back to 22,443 points, thus recovering by a good 21 percent from its monthly low. The price dip following the "Liberation Day" announced by US President Trump (78) through massive tariff packages has been offset.

The MDax index for medium-sized companies closed the morning session up 0.85 percent at 28,555 points. The Eurozone's leading index, the EuroStoxx 50, fell 0.11 percent to 5,165 points.

Rheinmetall shares returned to their record high of €1,500 on Tuesday following strong first-quarter figures. At €1,431, they were almost 7 percent higher than the previous day. The Düsseldorf-based company's shares had recently corrected somewhat after gaining around 144 percent over the course of the year in the wake of the changes to the security architecture in Europe. They had already more than doubled in value in the previous year.

MTU Aero Engines impressed investors with revenue and earnings figures that exceeded expectations at the start of the year. The Munich-based aircraft supplier's share price climbed by almost 4 percent to €305.80. "Of course, the figures for the first quarter are very good, but the outlook for the full year does not look ambitious in light of these results," stated a trader. Furthermore, without mitigating measures, the group expects a direct impact from tariffs, which are not included in the outlook for the full year 2025.

Deutsche Bank 's share price climbed by approximately 2.7 percent following the release of its first-quarter financial results . Both pre-tax profit and net income in the traditionally strong first quarter were 39 percent higher than a year earlier. The forecast for the current year was also confirmed, even though the trade conflict triggered by US President Donald Trump weighed on business in April. The news was well received on the stock market, and the share price rose.

Thanks to reduced marketing spending and other savings, HelloFresh more than tripled its profits. However, a decline in orders caused sales to shrink in the first quarter. Adjusted operating profit rose by 245 percent to €58.1 million, according to the company. Revenue, however, fell by 8.3 percent to €1.9 billion. A 5.4 percent increase in the average order value offset the nearly 12 percent decline in orders. HelloFresh shares recently climbed by almost 9 percent to €9.19 on the stock market. The figures were slightly better than expected, according to one stock market analyst.

Weak business in China and special expenses, including for the restructuring of battery production, have caused Stuttgart-based sports car manufacturer Porsche to suffer a slump in profits at the start of the year. Operating profit fell by 40.6 percent to 760 million euros in the first quarter, as Porsche announced on Tuesday. Sales revenue shrank by 1.7 percent to 8.86 billion euros. The return on sales slipped to 8.6 percent, down from 14.2 percent a year earlier. The figures were worse than expected: According to data from LSEG, analysts on average had expected a profit of 871 million euros and a margin of 9.8 percent. Porsche had already lowered its forecast for the current year on Monday evening. Porsche shares fell by almost 4 percent in early trading in Frankfurt.

Investors on the New York Stock Exchange remained cautious on Tuesday, amid a lack of new momentum regarding the tariff dispute with China and an upcoming flood of corporate earnings and important economic data. Nevertheless, some major indices posted slight gains. The Dow Jones, dominated by blue-chip stocks, closed with a gain of 0.28 percent at 40,227.59 points. The broad-based S&P 500 also gained moderately , by 0.06 percent to 5,528 points.

The technology-heavy Nasdaq 100 closed 0.03 percent lower at 19,427.29 points , after falling to a daily low of 19,162 points during trading. Losses at AI heavyweight Nvidia temporarily dampened the barometer, but were largely offset later in the day.

Oil prices fell again slightly on Tuesday. A barrel (159 liters) of North Sea Brent crude for June delivery last cost $65.36, down 50 cents from Friday. The price of a barrel of US WTI crude for delivery fell 45 cents to $61.60.

The oil market lacked clear momentum. Recently, media reports about a possible expansion of production by the OPEC+ oil alliance had dampened oil prices. According to these reports, a similarly strong production increase as in May is expected in June. Discussions about an expansion are scheduled to take place on May 5.

US President Donald Trump's tariff policy is also impacting the oil market. A global economic slowdown would also dampen demand for crude oil. The Federal Reserve Bank of New York has warned of a high probability of a recession in the US. Given the significant uncertainty, oil prices have come under pressure since the beginning of the month. The Brent crude price was still around $75 at the beginning of the month.