The DAX continued its recovery on Tuesday afternoon. By 12:30 pm the benchmark index stood at about 23,930 points, up 2.2 percent from the previous day’s closing level. The top of the list featured Infineon, Siemens Energy, and Continental, while the bottom included FMC, Deutsche Börse, and Deutsche Telekom.
” Investors have set aside worries about oil prices for now and are looking again for buying opportunities in German blue‑chips” said Andreas Lipkow, chief market analyst at CMC Markets. He added that Volkswagen’s share is now in focus: the Wolfsburg automaker presented its results for the past fiscal year, which fell within the very low expectations set beforehand and even slightly exceeded them, thanks in part to a dividend that was not as sharply cut as feared. The outlook, however, remains compelling and reignites interest among many investors.
Overall, Lipkow said, investors are increasingly concentrating on companies with solid investment stories. “Infineon and Siemens Energy benefit from the renewed AI hype, while financial houses are sought after because of the recently high trading volumes in financial markets”. The analyst warned that the current recovery is largely being driven by short‑covering and selective purchases, and advised caution, given that developments in the Middle East could change at any time. “At the same time, ending the conflict in Iran would require consistent statements from the three parties involved”.
On Tuesday afternoon the euro was slightly stronger: one euro bought 1.1646 US dollars, and one US dollar was worth 0.8587 euros.
Meanwhile oil fell sharply: a barrel of North Sea Brent priced at around 12 pm German time traded at $91.35-$7.61, or 7.7 percent, less than the previous day’s close.
