Dax aktuell: Dax im Plus – Ölpreis sinkt wieder unter 100 Dollar

Düsseldorf – The DAX, Germany's leading stock index, is showing a further optimistic trading day on Tuesday, building on its positive start to the week. At lunchtime, the index was up 0.5 percent at 25,690 points. On Monday, it had gained 1.1 percent to 25,575 points. At midday on Tuesday, Brent crude oil, a North Sea grade, cost around 98 dollars per barrel for November delivery, roughly 2.5 percent less than the previous day.

The cost for a barrel had previously risen to 102 US dollars in the early morning. Supply risks in the Middle East remain high, with a ship recently attacked in the Strait of Hormuz. The supply shocks in the Gulf are partially supporting the German stock market. US gains in the energy sector and Asian markets have helped buoy the German equity market.

Andreas Lipkow, chief market analyst at CMC Markets, explains the mechanism behind energy prices: "Rising energy prices drive inflation, higher inflation forces central banks to act, and higher interest rates weigh on bond markets again." Lower energy prices thus offer hope for a slowdown in inflation.