The DAX finished strongly on Tuesday, ending at 23,731 points at the Xetra trading close-an increase of 0.7 percent from the day before.
Andreas Lipkow of CMC Markets said that investors’ willingness to commit to European stocks after Friday’s large sell‑off will largely hinge on the Eurozone’s economic outlook in the coming quarters. In March the ZEW forecast expectations dropped sharply to -0.5 points, falling almost 60 points below the +39.2‑point forecast that was shown on the ticker. The hit reflects deep scepticism from financial‑market experts amid ongoing geopolitical and economic uncertainties, and the modest improvement in the current assessment offers little reassurance compared with the stronger upside that the market had anticipated.
According to Lipkow, defensive sectors probably attracted the most demand in the DAX today. The top performers included reinsurance companies from Hannover and München, as well as shares of E.ON, Siemens Energy, RWE, Merck, and Brenntag. In contrast, stocks such as Beiersdorf and Fresenius saw weaker performance.
On Tuesday afternoon the euro strengthened against the dollar: one euro equaled $1.1528, while one dollar was worth €0.8675. Brent crude also climbed, trading at $102.10 a barrel-up 1.9 percent from the previous day’s close.
