On Tuesday, the DAX slipped a touch. At the Xetra close it traded at 24,781 points, down 0.1 % from the previous day’s close. After a strong start, the index built up some gains during the day only to settle slightly in the red by close.
Market analyst Andreas Lipkow noted that investors had taken a hard look at the overall backdrop before deciding to lock in profits on individual names. “Coupled with a cautious stance on the sidelines, this signals buying restraint, which is contributing to the current consolidation in the DAX” he said. “Overall, today’s trading was uneventful and much calmer than in recent weeks”.
Leading the Frankfurt market until near the close were Daimler Truck and Siemens Energy, while Zalando’s shares fell about 12 %. The sharp drop followed a warning from an analyst who cited rising competition from the social‑media app TikTok.
Gas prices fell: a megawatt‑hour of natural gas for March delivery cost €33, down three percent from the previous day. If that level holds, consumers could expect a price of roughly 8-10 cents per kilowatt‑hour, including taxes and ancillary charges.
Oil moved higher. A barrel of Brent crude closed at $66.88 (USD) around 5 p.m. Central European Summer Time, up 58 cents or 0.9 % from the preceding day’s close.
The euro gained slightly against the dollar. One euro was worth $1.1811, meaning one U.S. dollar was worth €0.8467.
