The DAX rose sharply on Tuesday, closing at 23,969 points on the Xetra settlement-up 2.4 % from the previous day. After a very upbeat opening, the index remained solidly in the green amid moderate fluctuations.
Andreas Lipkow, chief market analyst at CMC Markets, said investors were initially fixated on oil price developments but shifted focus to buying opportunities in German blue‑chip stocks. Volkswagen, the Wolfsburg automaker, presented its results for the past fiscal year. The review fell within the low expectations set beforehand and was even slightly positive, particularly because the dividend cut was less steep than expected. The outlook convinced many investors and reignited interest in Volkswagen shares.
Lipkow also noted that investors added to companies with strong investment stories. Infineon and Siemens Energy benefited from the renewed hype around artificial intelligence, while banks were sought after due to high trading volumes in financial markets. However, investors remained wary of the situation in the Middle East and likely to stay cautious around the 24,000‑point threshold in the DAX. Many questions about the war’s continuation and its impact on energy prices remain unanswered.
Near the close, the stocks of Infineon, Bayer, Continental, and Siemens Energy topped the Frankfurt price list, whereas SAP and Scout24 appeared at the bottom.
Gas prices fell: one megawatt‑hour (MWh) of gas for April delivery cost 47 €-a 16 % drop from the previous day-implying a consumer electricity price of roughly 9 - 12 cents per kilowatt‑hour (kWh), including additional charges and taxes, if the price level remains stable.
Oil prices also fell sharply: a barrel of Brent crude was trading at 89.28 USD on Tuesday afternoon around 17:00 German time, down 9.8 % (96.8 ¢) from the prior day’s close.
The euro strengthened slightly against the dollar that afternoon: one euro was worth 1.1649 USD, and one dollar could be exchanged for 0.8584 EUR.
