After the leading index recorded significant losses at the start of the week, things are heading north again on Tuesday.
The DAX started the day 0.1 percent higher at 24,014.65 points. The barometer then significantly increases its profits.
Middle East war remains in investor focus
In the Middle East war, the main focus at the moment is the “Project Freedom” initiated by the USA. It aims to reopen the Strait of Hormuz for shipping. Iran’s Foreign Minister described it as a “Project Dead End” on Platform X. However, oil prices fell slightly at a high level.
Balance sheet season continues to gain momentum
According to business figures, Rheinmetall and Fresenius Medical Care (FMC) are among the individual stocks in the DAX. Rheinmetall’s results were below market expectations, wrote analyst David Perry from JPMorgan. The arms company justified this with temporal effects and confirmed its annual targets. However, investors are now far more critical than between 2022 and 2025 when it comes to the implementation of ambitions.
At dialysis provider FMC, rising costs and negative exchange rates dampened profit development in the first quarter.
DAX record last in January
The gap to record levels remains on the German stock market. On January 13th, the DAX reached an all-time high of 25,507.79 points. Ultimately, it ended trading that day at 25,420.66 points, which also set a record based on the closing price.
Evelyn Schmal, Alexandra Hesse, Benedict Kurschat, Julia Walter, finanzen.net editorial team with material from dpa-AFX and Dow Jones Newswires
Image sources: Aleksandra Gigowska / Shutterstock.com, Pavel Ignatov / Shutterstock.com
