The German benchmark index, the DAX, demonstrated a positive performance on Tuesday, extending initial gains made at the market open throughout the morning session. By midday, the index reached approximately 24,285 points, representing a 1.3 percent increase from the previous day’s closing level.
Leading the gains within the DAX were MTU, Rheinmetall and Siemens Energy, while Porsche, BASF and Symrise experienced less favorable performance within the session.
Market analysts observed that investors have begun to process recent developments concerning international trade agreements. However, the full impact remains to be seen, with ongoing negotiations and lingering concerns regarding tariffs still under scrutiny. “The most significant hurdles appear to be factored in, but the trajectory of future negotiations warrants close observation” noted one expert.
Investor attention is now focused on upcoming macroeconomic data releases from the United States, alongside the anticipated quarterly earnings reports from major US technology firms, specifically Meta and Apple. These results are expected to provide insights into the current state of consumer spending trends.
The Euro weakened slightly against the US Dollar, trading at $1.1578 midday, equivalent to €0.8637 per dollar.
Meanwhile, crude oil prices saw an upward trend. Brent crude, a benchmark grade, reached $70.38 per barrel around midday, a 34-cent increase, or a 0.5 percent rise, compared to the close of the previous trading day.