German stock market’s benchmark DAX index exhibited minimal movement at the start of trading Tuesday. Around 9:30 AM local time, the index was calculated at 24,090 points, representing a gain of 0.1 percent compared to the previous day’s closing value. Shares of Sartorius, Continental and Rheinmetall led the gainers, while Hannover Rück, SAP and Zalando recorded the largest declines.
Market attention is currently focused on the release of the ZEW economic survey results, according to a recent assessment by Helaba bank. Analysts anticipate a significant decrease in the balance of expectations for economic development in Germany. Current assessments are also expected to be weaker than the previous month, potentially signaling a negative trend for the forthcoming Ifo business climate index.
Later in the day, US inflation data will take center stage. Helaba suggests a risk that the monthly rate of inflation could reach 0.3 percent due to recent tariff policies, bringing the annual rate close to three percent. This would likely preclude any strengthening of expectations for interest rate cuts by the Federal Reserve, analysts state.
The Euro showed little movement in early trading, reaching 1.1616 US dollars, while one US dollar was valued at 0.8609 Euros.
Oil prices saw a slight increase, with a barrel of Brent crude trading at 66.80 US dollars around 9:00 AM German time, up 0.3 percent from the previous session’s close.