Financial Markets Maintain Optimistic Tone as German Index Rises
The German Dax index continued its upward trajectory on Tuesday, with a 0.8 percent gain by midday, reaching a value of 24,215 points. This marks a slight increase from the previous day’s close. Infineon, Zalando and Rheinmetall led the pack, while Eon, RWE and Heidelberg Materials trailed behind.
Market experts attribute the continued optimism to a focus on defense companies, with investors awaiting key data releases from the United States, including durable goods orders, the housing price index and consumer confidence. The latter, in particular, provides insight into consumer behavior in the US and has implications for the broader consumer sector, according to Andreas Lipkow, a market expert.
Meanwhile, the euro weakened against the US dollar, with one euro equivalent to 1.1347 US dollars at midday and one dollar worth 0.8813 euros. The price of Brent crude oil also rose, with a barrel costing 64.87 US dollars, a 0.2 percent increase from the previous day’s close.