The DAX index saw a positive performance on Tuesday, closing at 24,206 points – a 0.6 percent increase compared to the previous day’s closing value.
Leading the gains among individual stocks were Commerzbank, Bayer and Porsche. Conversely, Siemens Energy, Deutsche Börse and Fresenius shares experienced declines.
Market analyst Andreas Lipkow attributed the selective buying to investors focusing on sectors perceived to be less vulnerable to potential trade disputes between the United States and the European Union. He cautioned, however, that this “lack of market breadth” could negatively impact the overall market’s trajectory moving forward.
Investor attention now turns to the release of US retail sales data, expected to provide insights into American consumer behavior.
The Euro weakened slightly during Tuesday afternoon trading, fetching $1.1707, with the dollar costing €0.8542.
Gold prices saw a significant drop, with the spot price for a fine ounce reaching $3,296 (-1.2 percent), equivalent to €90.50 per gram.
The price of Brent crude oil, however, increased, trading at $69.95 per barrel – a rise of 37 cents or 0.5 percent compared to the previous trading day’s closing price.