30 am.. This represented a decline of 0.4 percent compared to the closing level of the previous trading day.
Among the top performers were Rheinmetall, Zalando and Sartorius, while Deutsche Bank, Munich Re and Commerzbank experienced the largest drops in value.
Investor sentiment currently favors a “wait-and-see” approach, according to Thomas Altmann of QC Partners. Trading volume yesterday was more than a third below the average over the preceding twelve months, reflecting a cautious market posture. The trading volume observed yesterday was surpassed only on five other trading days throughout the year, including public holidays such as Pentecost Monday and US holidays.
Altmann characterized the market behavior as a potential “simultaneous buyer and seller strike” indicating a widespread reluctance to commit to positions amid uncertainty. This hesitancy appears driven by concerns surrounding potential misaligned investment choices.
The Euro strengthened against the US Dollar on Tuesday morning, trading at $1.1794, with a dollar subsequently valued at €0.8479.
Conversely, oil prices experienced a downward trend, with a barrel of Brent North Sea crude fetching $67.19 around 9:00 am German time, a decrease of 25 cents, or 0.4 percent lower than the previous day’s closing price.
