German equity markets experienced a moderate decline on Tuesday, with the DAX closing at 23,940 points, a decrease of 0.2 percent from the previous day’s close. The index began the session positively but reversed course, briefly falling before recovering some ground to approach its prior closing level during afternoon trading.
Market analyst Andreas Lipkow noted the 24,000-point level had acted as a considerable point of attraction for investors in recent sessions, with German standard titles struggling to move decisively beyond it. He suggested current market dynamics are testing downward momentum and evaluating the strength of support around this threshold. A lack of significant economic news and accompanying reduced trading volume were also cited as contributing factors to the day’s performance, alongside investor uncertainty regarding the ongoing conflict in Ukraine.
Towards the close of trading, shares of Sartorius, Infineon and Siemens Energy led gains, while SAP, Deutsche Börse, Hannover Rück and Münchener Rück registered losses.
Commodity markets also saw downward movement. Natural gas prices fell by 2 percent to €32 per megawatt-hour (MWh) for delivery in September, which could translate to consumer prices of around eight to ten cents per kilowatt-hour (kWh), including all associated costs and taxes, should prices remain at this level.
Brent crude oil experienced a slight decline, trading at $66.32 per barrel, down 0.5 percent from the previous day’s close. The Euro strengthened against the US dollar, reaching an exchange rate of $1.1665 per Euro, equivalent to $0.8573 per Euro.