The Dax index barely moved on Tuesday, after a cautious start, until lunchtime. By 12:30 pm, the index was calculated at around 20,350 points, a minimal plus compared to the previous trading day. Sartorius, Qiagen, and Commerzbank led the price list, while Siemens Energy, Zalando, and Rheinmetall trailed behind.
“Today, investors are buying back into the loser stocks from yesterday and favoring defensive sectors” said market expert Andreas Lipkow. Trading volume remained low, and a clear reluctance to buy was noticeable among investors. “The ECB and the US Fed’s meetings are casting a shadow ahead.”
The European common currency was weaker on Tuesday morning: one euro cost $1.0531, and one dollar was worth €0.9496.
Meanwhile, the oil price fell: a barrel of Brent from the North Sea cost $71.69 by 12 pm Central European Time, a decrease of 45 cents or 0.6% from the close of the previous trading day.