Market participants observed a notable downturn in trading activity on Tuesday, resulting in a decline for the DAX index. At the close of the Xetra trading session, the index registered at 24,041 points, representing a decrease of 1.1 percent compared to the previous day’s closing value.
Analysts attributed the subdued performance to a lack of catalysts providing fresh impetus for broader market movement. Trading volumes were described as thin, with overall market activity appearing listless. While individual index components experienced volatility, these fluctuations were largely isolated. Shares of Sartorius, Siemens Energy and MTU Aero Engines saw downward pressure during the session.
A pattern of profit-taking emerged as investors re-evaluated positions in previously strong-performing stocks, opting to remain on the sidelines. Conversely, defensive sectors garnered interest, with shares of RWE, Fresenius and Fresenius Medical Care demonstrating positive performance.
The Euro strengthened against the US Dollar in Tuesday afternoon trading, fetching $1.1735, with the corresponding dollar-to-euro exchange rate at 0.8522.
Gold prices benefited from the market dynamics, reaching $3,426 per fine ounce (+0.9 percent), equivalent to €93.85 per gram.
In contrast to gold, crude oil prices experienced a significant decline. Brent North Sea crude traded at $68.29 per barrel around 5:00 PM Central European Time, a decrease of $0.92 or 1.3 percent compared to the previous trading day’s close.
