The Dax index started the trading day on Tuesday with a slightly firmer tone. By 9:30 am, the leading index was calculated at around 21,300 points, a 0.1 percent gain. Sartorius shares led the market, while those of Heidelberg Materials, Vonovia and Zalando lagged behind.
“Market participants will need to process multiple trading impulses on Tuesday and it appears that a further volatile trading week is on the horizon” commented market analyst Andreas Lipkow. “In Asia, the festivities surrounding the Spring Festival are beginning and as a result, Chinese markets will be closed for the next trading days. From the US, the tariff debate is taking center stage once again, this time focusing on product groups such as semiconductors, pharmaceutical products and certain metals. This shifts the focus from individual countries and economic regions to industries and sectors.”
Additionally, central banks will convene over the next two trading days to announce their interest rate decisions, according to Lipkow.
The European common currency was weaker on Tuesday morning: one euro cost 1.0433 US dollars and one dollar was worth 0.9585 euros.
Meanwhile, the oil price rose: a barrel of the North Sea’s Brent crude cost around $77.65 at 9 am German time, a 57-cent or 0.7 percent increase from the previous trading day’s close.