The Dax index in Frankfurt closed at 21,042.00 points on Tuesday, a 0.25 percent increase from the previous day’s close.
Despite the uncertainty surrounding the “America First” agenda of the new US president, the development of the stock indices, including the Dax, has not yet been significantly affected, according to Konstantin Oldenburger, a market analyst at CMC Markets.
“An investors are not yet really engaging with these themes, as long as the timing and scope of the measures remain unclear” Oldenburger said.
Investors in Frankfurt remained in a buying mood, with the Dax reaching the 21,000-point mark, a milestone that is not the end of the rally, according to the expert. “A small consolidation could be followed by further increases, potentially even pushing the index higher, before the impact of tariffs and other measures is felt in February” Oldenburger said.
The largest gains were seen in the shares of Siemens Healthineers, Siemens Energy, and Sartorius, all of which rose by over three percent in the final minutes of trading. In contrast, the shares of BMW, Deutsche Post, and Porsche fell by over one percent, ranking among the losers.
The euro remained largely unchanged against the US dollar, with one euro equivalent to 1.0415 US dollars, and one US dollar equivalent to 0.9602 euros.
Gold prices, on the other hand, rose, with one ounce selling for 2,742 US dollars, or 84.64 euros per gram, a 1.2 percent increase.
Oil prices, however, fell, with a barrel of Brent crude selling for 79.49 US dollars, a 0.8 percent decrease from the previous day’s close.