The DAX started the trading day with gains on Tuesday. Around 9:30 AM, the benchmark index was calculated at approximately 25,220 points, representing a 0.9 percent increase from the previous day’s closing level. Infineon, Deutsche Post, and Siemens led the stock performance, while Bayer, Rheinmetall, and Hannover Rück finished at the bottom.
Thomas Altmann of QC Partners commented that the situation in the Middle East remains unclear, stating that it is difficult for investors to properly price the current circumstances. He noted that nobody currently knows whether Iran will only briefly interrupt the negotiations or if they will cease entirely. Furthermore, it is uncertain whether Trump’s mediation efforts between Israel and Hezbollah will succeed.
According to Altmann, as long as news from individual countries remains inconsistent, stock markets will struggle to find a clear direction. He stressed that while the markets are excited, the immediate celebratory mood has likely been premature. “It is still too early to declare peace” he added.
The 25,000-point mark remains highly contested for the DAX. Altmann pointed out that although many investors celebrate crossing 25,000, supporting buying interest has consistently been absent in the past. Instead, reliable profit-taking has occurred above this level. Consequently, he suggested that recent profit-taking combined with weakening buyer enthusiasm could potentially push the DAX below 25,000 again.
