Frankfurt (dpa-AFX) – Within sight of its record high, the DAX initially rose moderately on Tuesday. With a gain of 0.10 percent to 23,367 points, it approached its record high of 23,476 points shortly after the start of trading on Xetra.
The MDax for medium-sized companies gained 0.27 percent to 29,697 points. The EuroStoxx 50, the leading index for the eurozone, was up 0.1 percent.
While the German corporate reporting season is in full swing – with Continental among the companies delivering impressive results – investors are still waiting for the first signs of success in the global negotiations on the import tariffs imposed by US President Donald Trump. In addition to Trump’s tariff policy, however, the election of Friedrich Merz as the new German chancellor will also take center stage on Tuesday. The new government’s extensive investment package in infrastructure and defense is a source of hope for the German economy.
“Since hitting rock bottom in April, the DAX has made a rapid V-shaped recovery,” commented analyst Jochen Stanzl from broker CMC Markets. “Many investors fear a recession, but this is not evident in the current data. The stock market should now have the worst of the uncertainty behind it.”/ajx/mis
