After the recent price slide, the Dax was able to catch itself again on Tuesday.
The downward trend dynamic was too violent, said market expert Andreas Lipkow from Comdirect-Bank.
In early trading, the leading German index rose by 1.2 percent to 13,541 points.
The M-Dax gained 0.7 percent to 28,011 points.
The euro zone index Euro Stoxx 50 was 1.2 percent higher.
Market observers at Credit Suisse are currently seeing an "extreme level of pessimism" and cite four reasons for this: inflation, rising interest rates, supply chain problems and geopolitical crises.
The prospects for the financial markets are not as bad as they seem, at least for this year.
The Credit Suisse experts warned against "panic selling".
"According to the statistics, after the deep red start of the week on the Frankfurt and New York stock exchanges, the so-called 'Turnaround Tuesday' could be on the agenda today," said Jochen Stanzl, an analyst at the trading house CMC Markets.
If investor sentiment is very negative, signals that the situation will not deteriorate further are often enough.
Several companies were also able to convince investors with their figures.
Siltronic climbed to the top of the MDax with a price increase of almost five percent.
The failed takeover by GlobalWafers gave the chip supplier special income of 50 million euros in the first quarter.
The high result thanks to the termination fee is spurring on the share, said a trader.
Schaeffler also presented significantly better figures at the start of the year than feared.
The shares of the auto supplier attracted around four percent.