German equities saw a positive performance on Tuesday, with the DAX index closing at 24,206 points – a 0.6 percent increase compared to the previous day’s closing value.
Commerzbank, Bayer and Porsche shares led the gains within the index. Conversely, Siemens Energy, Deutsche Börse and Fresenius experienced declines in their stock prices.
Market analyst Andreas Lipkow attributed the selective focus among investors to concerns surrounding potential trade disputes between the United States and the European Union, with participants seeking out sectors perceived to be less impacted. He cautioned, however, that the narrow market breadth could negatively affect future overall market performance.
Attention is now turning towards the release of U.S. retail sales data, which are expected to provide insights into consumer behavior within the American economy.
The euro weakened slightly during Tuesday afternoon trading, fetching 1.1707 US dollars, with the dollar being equivalent to 0.8542 euros.
Gold prices declined notably, with the price for a fine ounce falling to 3,296 US dollars (-1.2 percent), equating to 90.50 euros per gram.
Oil prices, however, saw an upward trend. Brent North Sea crude was trading at 69.95 US dollars around 5:00 PM German time, a rise of 37 cents or 0.5 percent compared to the previous trading day’s close.
