The largest exchange-traded fund to track Germany's equity market rose on Tuesday, after the country's government reached a last-minute deal for tighter control over immigration. The deal was seen as preventing a full-blown crisis that could have cost Chancellor Angela Merkel her position as leader. The iShares MSCI Germany ETF EWG, +0.82% gained 0.9% in early trading. The fund has struggled throughout 2018, having fallen in 10 of the past 13 sessions. It is down 8.84% thus far this year. The Dow Jones Industrial Average DJIA, +0.29% rose 0.5% on Tuesday while the S&P 500 SPX, +0.24% was up 0.3%. The Nasdaq Composite Index COMP, -0.05% dipped 0.1%.
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