Germany: DAX Rebounds Slightly.

The DAX 40 erased early losses to close marginally higher at 25,147 on Tuesday amid a rebound in tech stocks and easing oil prices after President Trump dropped the proposed 20% fee on cargo transiting the Strait of Hormuz. Sentiment was further supported by softer-than-expected US inflation data, which reduced expectations of further Federal Reserve rate hikes, and strong second-quarter earnings from major US banks. Utilities, retailers, banks, chemical companies, tech and industrials were among the top performers, offsetting weakness in software, pharmaceutical, and travel and leisure stocks. Brenntag, Siemens Energy, Zalando, RWE ,E.ON, Hochtief and Infineon Technologies advanced the most, rising between 1.4% and 2.4%.