The DAX opened Tuesday with gains. By around 9:30 CET the German benchmark was calculated at roughly 25,090 points, up 1.2 % from yesterday’s close. The leaders of the index were Siemens Energy, Daimler Truck, and Siemens; the front‑runners at the bottom were Merck, Zalando, and Scout24.
Jochen Stanzl, chief market analyst at Consorsbank, said that investors are moving past the short‑term sell‑off in gold and silver. “The crash in precious metals is ending, so the risk of stop‑loss sell‑offs suddenly feels less threatening”. He added that after a 700‑point rally the DAX is once again close to the tidy 25,000‑point level, and the sharp drop in oil prices provides additional support.
Stanzl also noted that DAX investors may, on closer inspection, align with a U.S. Fed under Kevin Warsh. “A smaller Fed balance sheet under Warsh would force markets to focus again on quality, cash flows, and solid capital structures rather than blind growth optimism”. Many value‑stock bargain hunters are already capitalising on this expected shift. Though Warsh is only nominated and not yet Fed chair, markets are already looking three to six months ahead, and investors must prepare for that change.
The euro was slightly stronger on Tuesday morning: one euro bought 1.1813 USD, while one USD was worth 0.8465 EUR.
Meanwhile, oil prices fell: a barrel of North Sea Brent traded at about 66.09 USD at 9 am German time, down 21 cents (0.3 %) from the previous day’s close.
