The DAX returned to Monday’s closing level by mid‑afternoon, having begun Tuesday with modest losses. At 12:30 p.m. German time, the index stood at about 25,023 points, slightly above the week‑end close. Symrise and BASF topped the performance list, while Qiagen, Siemens Energy, and Allianz finished near the bottom.
Market analyst Andreas Lipkow commented that investors were staying loyal to DAX companies for the time being, placing a greater focus on cyclical sectors. “Symrise shares lead the winning list, supported by BASF and the automotive names” he said.
Lipkow added that current sentiment towards European equities is buoyed by hope for a broader economic recovery. “It remains interesting to see whether this budding economic rebound can continue to grow without U.S. economic support. Recently, some sustainable recovery trends have appeared in parts of Germany” he noted.
Around the same time, the euro weakened slightly: 1 euro bought 1.1905 U.S. dollars, while one U.S. dollar was worth 0.8400 euros.
Oil prices also moved higher. At about 12 p.m. German time, a barrel of Brent crude was trading at $69.19-15 cents, or 0.2 percent, higher than the previous day’s close.