The DAX rose on Tuesday, closing at 24,998 points on Xetra trading and up 0.8 % from the previous day’s close. Throughout the session it oscillated around yesterday’s level but managed to end in the green by late afternoon.
CMC Markets’ chief market analyst Andreas Lipkow commented that the bearish trend in New York, as signaled by yesterday’s futures and this morning’s pre‑market activity, has continued unchanged after the extended weekend. He added that a stronger‑than‑expected U.S. Empire State Index has, at least in part, taken the market’s speculation about an interest‑rate cut away-if such speculation had even been resurrected following the softer employment data. Lipkow noted that the indicator has lately proven very volatile, which could also explain today’s upside surprise.
According to Lipkow, future market direction will likely hinge on whether concerns about AI‑driven disruption in various sectors will continue to influence the stocks affected. “Recently, software firms, logistics companies, and financial service providers have been hit” he explained, “but in the DAX these worries play a comparatively minor role. Still, investors are tightening their focus on defensive names, buying shares of Von ovia, Bayer and Zalando”.
Before close, the strongest performers were Bayer, Von ovia, and Infineon, while the weakest were Siemens Energy, Daimler Truck and Qiagen.
In other market news, the price of natural gas fell. One megawatt‑hour (MWh) of gas for delivery in March dropped to €30, a 4 % decline from the previous day. If this level remains, the implied consumer price would be about 7-9 cents per kilowatt‑hour (kWh) when utility charges and taxes are included.
Oil prices eased as well. On Tuesday afternoon, around 17:00 CET, a barrel of Brent‑grade North Sea crude was priced at US $67.20-down 55 cents, or 0.8 %, from the previous trading day’s close.
The euro weakened against the dollar. At the same time, €1 = US $1.1827, and one U.S. dollar was worth €0.8455.
