European markets, led by Germany and country-specific exchange traded funds, climbed Tuesday after some widely anticipated earnings beat expectations, reflecting ongoing growth in the Eurozone economy.

On Tuesday, the iShares MSCI Germany ETF (NYSEArca: EWG) increased 2.4%, Recon Capital DAX Germany ETF (NasdaqGM: DAX) gained 2.6% and First Trust Germany AlphaDEX Fund (NYSEArca: FGM) rose 2.1%.

Meanwhile, the broader Vanguard FTSE Europe ETF (NYSEArca: VGK), which includes a 13.3% tilt toward Germany, was 0.9% higher on Tuesday.

Germany stocks rallied with the benchmark DAX Index back in a bull market after rising 22% since its February low, Bloomberg reports.

SEE MORE: Germany ETFs Reach an Important Juncture

Boosting market sentiment, Munich Re surged 5.7% after the reinsurance company revealed quarterly net income that was over double analysts’ projections. Additionally, BMW AG and Daimler AG both added 2.8% after reporting higher auto sales in China over July.


Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.