The DAX dipped on Tuesday, closing at 24,988 points on Xetra – a 0.1 % drop from the previous day’s close. At the top of the daily price list were Symrise, Zalando and Brenntag, while Siemens Energy, Allianz and Heidelberg Materials finished at the bottom.
CMC Markets’ chief market analyst, Andreas Lipkow, explained that once the DAX moves above the 25,000‑point level it becomes a thinner market, yet it still attracts investors looking to enter equities. “After rebounding from last week’s low to 24,200 points and with U.S. labor data due tomorrow, today’s trading day is essentially one of consolidation on the agenda” he said.
Cyclical sectors were in demand, with Symrise leading the winners’ list and supported by BASF and automotive stocks. Shares of SAP, a heavy‑weight in the DAX that has lagged for months, are regaining traction, which helps the index.
Lipkow noted that while the prospect of an economic revival in Europe lifts the mood for German stocks, the crucial question remains whether this nascent uptick can sustain itself without backing from the United States. “We’re seeing first signs of durable recovery in some sectors, which underpin the DAX in these days” he added.
At noon, the euro weakened slightly: one euro was worth 1.1902 USD, meaning one U.S. dollar was equivalent to 0.8402 EUR.
Meanwhile, crude prices fell. At approximately 1700 CET, a barrel of North Sea Brent traded at $68.86, down 18 cents or 0.3 % from the prior close.
