The DAX opened the trading day on Tuesday with losses. Around 9:40 AM, the benchmark index was calculated at approximately 25,875 points, which was 0.5 percent below the closing level of the previous trading day. Scout24, Fresenius, and Deutsche Börse led the list of rising stocks, while Infineon, Continental, and Heidelberg Materials finished in the laggard group.
Thomas Altmann of QC Partners commented on the trading volume, noting it was extremely low yesterday due to the US holiday. He observed that fewer DAX stocks traded yesterday compared to the previous day, stating that only Easter Monday has seen even less trading activity. “Therefore, yesterday’s trading day had only limited significance. With the start of the US stock markets today, the trading volume here will also increase significantly,” he said.
Regarding oil prices, Altmann noted that investors have not yet been rattled by the price remaining only marginally below the $100 mark. However, he issued a warning: “If the oil price continues to trade in this range or even rises further, the damages to the world economy will be severe. At that point, the stock markets will no longer be able to permanently ignore the oil price.” Currently, the stock market outlook is dominated by the hope of a brief escalation wave between the US and Iran, followed by a rapid decline in oil prices.
The European common currency showed slight weakness in the morning: the euro cost $1.1615, and the dollar was available for 0.8610 euros. Meanwhile, the price of oil increased notably; the Brent crude price for the North Sea was trading at $98.72 around nine AM German time, representing a 1.8 percent increase from the close of the previous trading day.
