30 a..m.-about 0.1 % below the previous day’s close. The top of the price list was occupied by Scout24, Deutsche Börse and SAP, while Siemens Energy, Infineon and BASF were at the bottom.
“It looks as though the DAX could benefit a little from the fact that, at the start of the week, a new low in the downward trend since the war’s onset was avoided” said Jochen Stanzl, chief market analyst at Consorsbank. “However, this is more than a mere technical reversal. The DAX is as far from a bottom as the Iran war is from a quick end”.
“The calm is deceptive: beneath the market’s hood there is a pronounced sector rotation” Stanzl added. “Particularly AI stocks are under heavy selling pressure. The war is pushing energy prices higher, feeding fears of renewed inflation. This weighs heavily on technology shares, as the massive expansion of AI data‑center infrastructure becomes more expensive. On top of that, worries about a potential helium shortage-capable of sharply affecting supply chains in this sector-are growing”.
The euro, the EU’s common currency, was slightly stronger on Tuesday morning: one euro bought 1.1467 US dollars, meaning one dollar was worth 0.8721 euros.
At the same time, oil prices climbed. North Sea Brent was priced at about 113.40 US dollars per barrel around 9 a.m. German time, an increase of 65 cents, or 0.6 %, over the previous trading day’s close.
