On Tuesday the DAX slipped to 24,781 points at the close of Xetra trading, down 0.1 percent from the previous day’s close. The index began the session on an upbeat note but gradually erased its gains and finished slightly in the negative.
Market analyst Andreas Lipkow explained that investors are taking a broader view of the market picture and are beginning to book profits on individual names. Coupled with their positioning near the support and resistance lines, this has produced a noticeable buying restraint and is supporting a period of consolidation in the DAX. Lipkow added that today’s trading was generally calm, with considerably quieter price movements than those seen in the recent past.
Towards the end of the day, Daimler Truck and Siemens Energy were the leaders on the Frankfurt exchange, while Zalando’s shares finished at the bottom of the chart, down around 12 percent. The sharp decline followed a warning from an analyst about competition from the social‑media app TikTok.
Gas prices fell, too. A megawatt‑hour of gas for March delivery was priced at 33 euros, a drop of about three percent compared with the previous day. If this level persists, the implied consumer price would be roughly eight to ten cents per kilowatt‑hour, including taxes and ancillary charges.
Oil rallied: Brent crude was quoted at 66.88 US dollars per barrel at about 17:00 Central European Time on Tuesday, an increase of 58 cents-0.9 percent-over the close of the prior trading session.
The euro was slightly stronger on the afternoon of Tuesday: one euro exchanged for 1.1811 US dollars, which means a dollar could be traded back for 0.8467 euros.