The Dax index saw its gains expand by midday on Tuesday, after a slightly firmer start. By 12:30 pm, the index was calculated at around 21,419 points, a 0.6% increase from the previous trading day. Sartorius, Merck and Siemens Energy led the pack, with Heidelberg Materials’ shares closing the list.
Market analyst Andreas Lipkow noted that Sartorius and Merck’s shares were in high demand on Tuesday. “Sartorius’ positive outlook for 2025 has convinced market participants and the outlook for its lab business, in particular, is boosting the shares of its competitor, Merck” he explained.
SAP, the Dax’s heavyweight, also presented preliminary numbers that exceeded expectations, according to Lipkow. “However, the shares are only mildly higher, as much of the good news was already priced in.” Market participants continued to support the German benchmark, focusing on the cyclical sectors with potential, the analyst added.
Meanwhile, the euro was weaker against the US dollar, trading at 1.0429 dollars per euro, with the dollar equivalent to 0.9589 euros. The Brent crude oil price, on the other hand, rose, with a barrel of the North Sea variety costing around 77.56 US dollars at 12 pm CET, a 48-cent or 0.6% increase from the previous trading day’s close.