On Tuesday, the DAX remained directionless after a cautious start to the trading day up until noon. At roughly 12:30 p.m. the index was trading at about 24,930 points, slightly below the previous day’s closing level.
The biggest gainer that morning was Fresenius, followed by Commerzbank and Deutsche Telekom. Meanwhile, the names most in the red were automotive manufacturers, whose shares slipped.
Market analyst Andreas Lipkow said that participants seem to be taking a pause ahead of the macro‑economic and corporate data slated for that day. He added that tomorrow’s U.S. Federal Reserve press conference and every pause by Chair Jerome Powell are closely watched for clues on future interest‑rate policy. According to Lipkow, this contributes to a positive sentiment for German stocks amidst a nervous market environment.
The euro was slightly stronger on Tuesday afternoon: one euro bought 1.1890 U.S. dollars, meaning one dollar was worth 0.8410 euros.
Gold also lifted noticeably. The price for a fine ounce was 5,087 U.S. dollars, up 1.5 percent, which translates to 137.55 euros per gram.
At the same time, Brent crude climbed. Around 12:00 p.m. German time, a barrel of Northern Sea‑type Brent fetched 65.82 U.S. dollars-23 cents, or 0.4 percent-higher than the close of the previous trading day.
