Following significant losses from the previous day, the Dax began trading on Tuesday with a positive trend. Shortly after 9:30 AM, the index stood at 21,150 points, showing a gain of 0.7 percent from Monday afternoon.
In terms of macroeconomic analysis, the Landesbank Hessen-Thüringen (Helaba) highlighted sustained concerns, noting that the situation in the Persian Gulf remains unresolved and energy prices are at elevated levels, fluctuating dramatically. For future financial market prospects, the report emphasizes two crucial factors: the persistence of high energy prices and the strength of secondary effects related to inflation. These factors could challenge central banks to restrict monetary policy tightening, consequently obscuring the overall economic outlook.
Providing some relief was the drop in oil prices. A barrel of the North Sea Brent grade was priced at $112.50 on Tuesday morning around 9 AM Central European Time-a decrease of 1.7 percent, or 193 cents, compared to the previous day’s close.
The European common currency showed signs of strengthening early Tuesday, with one Euro priced at $1.1693, and consequently, one Dollar trading at 0.8552 Euros.
At the start of trading, standout performers among the Dax listed stocks were Scout24 and Commerzbank, both adding approximately three percent. They were followed by Zalando and Rheinmetall, which reported gains of around two percent.