German equities demonstrated a positive trend on Tuesday, continuing an upward trajectory following a favorable opening to the trading day. By midday, the DAX index reached approximately 24,285 points, representing an increase of 1.3 percent compared to the previous day’s closing level.
Leading the performance within the index were MTU, Rheinmetall and Siemens Energy, while Porsche, BASF and Symrise concluded the session among the lower-performing stocks.
Market analyst Andreas Lipkow commented on the situation, noting that while investors have largely absorbed the initial impact of recent trade agreements, the full effects remain to be assessed. “The most significant part appears to be priced in already and it remains to be seen how negotiations will progress. The lingering effects of tariff adjustments haven’s entirely dissipated” he stated.
Investor attention is now focused on upcoming macroeconomic data releases from the United States, along with the forthcoming quarterly earnings reports from major US technology firms, Meta and Apple. These reports are expected to provide insights into the current state of consumer spending.
The euro experienced a slight depreciation against the US dollar, trading at $1.1578 at midday, which corresponds to $0.8637 per euro.
Meanwhile, oil prices recorded an increase. Brent crude, a benchmark North Sea variety, was valued at $70.38 per barrel around midday German time, a rise of 34 cents, or 0.5 percent, compared to the closing price of the previous trading day.
