FRANKFURT (dpa-AFX) - The Dax continued its recent recovery with moderate gains on Tuesday. At the end of trading, the leading German index gained 0.35 percent to 18,131.97 points. The latest correction has thus been halted.

However, analyst Konstantin Oldenburger from the broker CMC Markets explained that the stabilization was like a delicate seedling that should not be exposed to any sudden fluctuations in investor sentiment. This is because the uncertainty about the political future of France and thus the entire European Union is currently too great.

The MDax with the medium-sized stocks rose by 0.42 percent to 25,589.93 points. Economic data from Germany and the USA had no impact on the bottom line.

In New York, the broad-based S&P 500 and the technology-heavy Nasdaq 100 failed to set any further records on Tuesday. The Dow Jones Industrial benchmark index was little changed at the European stock market close. In Europe, the leading euro barometer EuroStoxx 50 closed 0.72% higher at 4915.47 points. Similar gains were recorded on the leading stock exchanges in Paris and London.

Armaments stocks were generally in demand. Germany had reported to NATO estimated defense spending of 90.6 billion euros for 2024 and would thus currently clearly reach the alliance's two percent target. Rheinmetall gained one percent in the Dax, Hensoldt 1.2 percent in the MDax and Renk 2.7 percent in the SDax. Renk also benefited from a buy recommendation from analysts Kepler Cheuvreux.

Beiersdorf, on the other hand, went downhill during the consumer goods manufacturer's capital market day and fell by 2.8 percent at the end of trading on the Dax. Investors were probably disappointed that no new medium-term financial targets had been announced, explained Bernstein analyst Bruno Monteyne.

Meanwhile, the shares of diagnostics company Qiagen extended their previous day's gains, as did the shares of Deutsche Borse, by 1.7 and 1.9 percent respectively, making them the best performers on the Dax.

At the top of the MDax, Bilfinger shares recovered from their recent correction with a plus of 3.5 percent. According to the British investment bank HSBC, the Capital Markets Day showed that the industrial services provider is on the right track in all areas.

The euro last traded at 1.0738 US dollars. The European Central Bank (ECB) had set the reference rate at 1.0715 (Monday: 1.0712) dollars in the afternoon. The dollar thus cost 0.9332 (0.9335) euros.

On the bond market, the current yield rose from 2.44 percent the previous day to 2.47 percent. The Rex bond index fell by 0.20 percent to 124.92 points. The Bund future gained 0.16 percent to 132.70 points./ajx/jha/

--- By Achim Jüngling, dpa-AFX ---