Current Dax: Dax starts lower - oil prices fluctuate around $100
Energy prices remain a determining factor on the stock exchanges. Investors are also keeping an eye on Donald Trump's speech before the UN General Assembly. The Vonovia share is under pressure again.
Düsseldorf – The DAX, Germany's benchmark stock index, began trading lower on Tuesday, indicating a subdued trading day. The German benchmark stood at 25,594 points in the morning, barely changing from the previous day's level of 25,575 points, which had risen by 1.1 percent on Monday.
Brent crude oil, a North Sea grade, cost just under $100 per barrel ($159 per liter) on Tuesday morning, marking a 1.4 percent decrease from the previous day. The price had previously risen to $102 per barrel earlier in the day.
Supply risks in the Middle East persist, with another attack on a ship in the Hormuz Strait. Support for the U.S. stock market, including the Nasdaq 100, which had climbed significantly the previous day, partially offset the DAX's subdued trading.
Andreas Lipkow, chief market analyst at CMC Markets, explained the mechanism behind energy prices: "Rising energy prices drive inflation, higher inflation forces central banks to act, and higher interest rates then weigh on bond markets." Lower energy prices, therefore, create hope for a slowdown in inflation.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
