The German stock index (DAX) opened on Tuesday morning in positive territory. Around 9:30 a.m., the benchmark was recorded at roughly 24 960 points, a pace 0.1 percent higher than the previous day’s close.
Thomas Altmann of QC Partners explained that the DAX had risen for the third straight day, but the trading volume on each recovery day had fallen. “Yesterday the 40 DAX companies traded fewer shares than at any point this year” he said, adding that “this shows how quickly buying interest wanes as prices climb”.
He also noted that Donald Trump’s recent tariff threats had yet to hurt the market. In recent months, the market has proven far more resilient to tariff rhetoric, with investors accustomed to the fact that only a small fraction of threats actually translate into real tariffs.
According to Altmann, China’s economy remains stuck. Industrial profits would be declining in 2025 for the fourth year running, and that year’s industrial earnings would be 15 percent lower than the record high achieved in 2021.
Currency markets were slightly softer. One euro traded at 1.1860 USD; conversely, one dollar could be bought for 0.8432 euros.
Gold benefited noticeably. The price for a troy ounce rose to 5 081 USD in the morning – an increase of 1.4 percent – which translates to 137.73 EUR per gram.
Oil took a dip. At around 9 a.m. German time, a barrel of North Sea Brent fetched 65.28 USD, down 31 cents, or 0.5 percent, from the previous day’s close.
