The Dax index held in the plus until midday on Tuesday, after a friendly start. By 12:30 pm, the index was calculated at around 20,345 points, which corresponds to a 0.2% increase compared to the previous trading day. The stocks of Airbus and Siemens were at the top of the price list, while the papers of Rheinmetall, Deutsche Post, and E-On were at the end.
“Investors are trying to drag themselves through the remaining time until the end of the year with sector rotation and very selective stock purchases” commented market analyst Andreas Lipkow. “It’s also not to be forgotten that the next Friday is the Great Expiration Date at the futures exchanges. Until then, the market participants will try to keep the prices in the preferred price ranges.”
The European common currency was slightly weaker in the afternoon: one euro cost $1.0489, and one dollar was worth $0.9534 euros.
Meanwhile, the oil price fell: a barrel of North Sea Brent cost $73.28 at 12 pm German time on Tuesday, which was 63 cents or 0.9% less than at the close of the previous trading day.