At the start of trading, the DAX DAX rose 0.15 percent to 14,404.67 points. In the further course, the stock market barometer slipped into red territory at times, where it also closed 0.19 percent lower at 14,355.45 points.

    The strong gains on the stock exchanges in China and Hong Kong had a supportive effect. Several stock market traders cited hopes that the Chinese authorities could ease their zero-COVID policy to end mounting protests in several cities across the country.

    More DAX gains ahead?

    Although the DAX closed weakly at the start of the week, it has ultimately been moving sideways in a narrow trading range for around two weeks. At its highest level since June, the stock market barometer is struggling to follow the 20 percent rally since the end of September with further gains.

    Christmas rally could follow

    However, Stephen Innes from asset manager SPI Asset Management sees a good chance of a Christmas rally for stock markets in general if the US Federal Reserve adopts a less aggressive monetary policy course in mid-December and China actually ends its zero-COVID policy.

    German inflation slightly down in November

    Meanwhile, inflation in Germany eased slightly in November. Consumer prices increased by 10 percent compared to the same month last year, as the Federal Statistical Office announced in an initial estimate on Tuesday. In October, the annual inflation rate was 10.4 percent.

    Editorial office / dpa-AFX

    Image sources: Julian Mezger for Finanz Verlag