The DAX remained in positive territory on Tuesday, continuing a favorable start through midday. Around 12:30 p.m., the index reached approximately 25,455 points, marking a gain of 0.4 percent compared to the previous trading day.
Market expert Andreas Lipkow described the DAX as “surprisingly robust” on Tuesday. Despite some selling pressure in semiconductor stocks, investors were not deterred. While “usual suspects” such as Infineon and Siemens Energy experienced declines, the overall market remained stable. Attention from investors is shifting towards potential improvements in the automotive sector, leading to increased buying of shares in Volkswagen, Mercedes Benz, and BMW. Furthermore, stocks from Hochtief and SAP continue to be sought after, following better-than-expected quarterly results.
The aerospace and defense sector was highlighted at the top of the DAX on Tuesday. Defense stocks are performing strongly across European markets. Lipkow noted that “ongoing military conflicts and political tensions are once again drawing interest to this sector,” adding that the seasonal reporting cycle is gradually picking up momentum across Europe and potentially boosting individual industries.
In related markets, the European common currency weakened slightly by midday; the euro traded at 1.1355 US dollars, meaning the dollar was valued at 0.8807 euros. Meanwhile, the price of oil fell sharply. At around 12 a.m. German time, a barrel of North Sea Brent crude cost 86.12 US dollars, a decrease of 224 cents, or 2.5 percent, compared to the close of the previous session.
