Current Dax: Dax is trading barely changed - oil prices rising
Oil prices, inflation concerns and interest rates are determining the situation on the German stock market. In the short term, however, investors are initially focusing on upcoming economic data.
Investors are currently searching for direction as the Dax index hovered slightly above 25,400 on Tuesday, showing minimal change compared to the previous day. The index had remained relatively stable since the beginning of the week, with a closing price of 25,374 on Monday. Over the past ten trading days, half of them ended positively while the other half ended negatively, indicating investor indecision.
Despite trading above the 200-day line, which represents the long-term trend, the Dax has shown a significant decline of nearly 1,000 points over the past trading month. Investors are now focusing on several economic data releases from the Eurozone and the US, including the EU Commission's Economic Sentiment Indicator (ESI), which measures economic confidence in the Euro area.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
