DAX Index Up; Uniper Surges on Possible German Stake Cut
German shares gained on Tuesday, with the blue-chip DAX index up 0.38% at closing, while Uniper (UN0.F) rose on reports that the German government plans to reduce its ownership.Germany is looking to cut its 99.12% interest in the bailed-out energy company through a possible sale or public listing. The government published a legal notice in the Financial Times print edition on Tuesday, inviting interested buyers to submit letters of intent by June 12. Uniper gained 11.86% on Xetra.In an emailed statement to, Uniper Chief Executive Officer Michael Lewis said the company welcomed the finance ministry's announcement, adding that the German government will decide on the timing and form of the company's reprivatization.In other corporate updates, German stock exchange operator Deutsche Börse (DB1.F) climbed 0.59%, as BofA Global Research raised its price objective and earnings forecasts, noting core structural tailwinds are "intact" even as volume trends normalize."We reiterate our Buy rating with a [price objective] of EUR305/US$$35.47 (from EUR300/US$ $35.39) as we lift 2026-27E EPS 1% for the Q126 beat... plus higher [treasury result] where our economists no longer expect Fed rate cuts until H227. Overall, our 2026 total revenue and EBITDA estimates are in-line with company guidance, but slightly below ex-TR given pressure in ESG & Index which was flat YoY in Q126," BofA wrote.On the trade front, Bloomberg News reported that European Union officials are meeting within the day to finalize the legislative details of the US trade pact. The discussions follow a recent threat from President Donald Trump to raise auto import tariffs to 25% from 15% if the agreement is not implemented by July 4.Speaking of trade, the euro area recorded a trade surplus of 7.8 billion euros in March, following a revised trade surplus of 11.1 billion euros a month ago. Eurostat reported that exports of goods to the rest of the world declined by 5.5% year-over-year to 265.3 billion euros, while imports rose 4.4% to 257.4 billion euros.