The DAX opened Tuesday with modest losses. At 9:30 a.m. the German benchmark was calculated at roughly 24,989 points-about 0.1 percent below yesterday’s closing level. Symrise and BASF led the top of the list, while Siemens Energy and Allianz occupied the bottom spots.
CMC Markets’ chief market analyst, Andreas Lipkow, noted that after the recent turbulence in precious‑metal and cryptocurrency markets investors are refocusing on corporate earnings and forthcoming macroeconomic data. “The disruptive factors from last week are easing, geopolitical tensions are receding, and market volatility is slowly returning to normal ranges. Financial markets are becoming more tradable again, creating a more positive investing climate” he said.
Because Tuesday’s data calendar is relatively light, attention is drawing to the U.S. employment figures that will be released on Wednesday. Lipkow explained that recent signs of softness in the U.S. labour market have raised fears of an economic slowdown. He added that the Saturday‑morning U.S. retail data could provide a small indication of where the market stands.
Meanwhile, the euro was a touch softer in the early morning. One euro bought 1.1905 U.S. dollars, meaning one dollar could be exchanged for 0.8400 euros.
Oil prices slipped slightly. At around 9:00 a.m. German time, a barrel of North Sea Brent fetched $68.92-a decline of 12 cents, or 0.2 percent, from the previous day’s close.
