After the recovery over the course of the previous day, the mood on the German stock market remains tense on Tuesday. After mixed sentiment data from Germany from the service sector and industry, the Dax came under some pressure again after its positive start – and turned slightly into positive territory again around midday. Most recently it was 0.14 percent higher at 14,821 points, the daily low was ten points lower. The MDax of medium-sized companies gained 0.99 percent to 24,314 points. The Eurozone leading index EuroStoxx 50 also recovered slightly from the Dax and was most recently quoted at 4063 points, an increase of 0.53 percent.
The focus remains on the situation in the Middle East. An escalation of the war between Israel and the Islamist Hamas is still not ruled out. In addition, investors keep the returns Keep a close eye on the US bond market. On Monday, the yield on trend-setting ten-year US government securities temporarily rose to more than five percent, which had a significant impact on the stock markets. Only an easing in yields in the afternoon gave the Dax, which had meanwhile fallen to 14,630 points and thus to its lowest level since March, a tailwind again.
Sporting goods manufacturer in plus
The construction software provider Nemetschek sent positive signals in the current reporting season. After a good third quarter, he expects annual sales to be higher than before. A stock exchange trader spoke of a positive surprise; the shares rose by 6.3 percent.
Talanx also exudes optimism. The insurance group (HDI) expects more profit in the current year after unexpectedly good business. The papers advanced by 2.6 percent.
The titles of the sporting goods manufacturer Puma gained 3.5 percent after quarterly figures and further confirmation of the annual targets. The outlook is reassuring, said one analyst. In the Dax, this also helped Adidas shares with a plus of 1.3 percent.
The shares of the plant manufacturer Dürr continued their decline at minus 1.6 percent after a further downgrade, and HSBC has now removed the buy recommendation.
Dow Jones extends losses
The US stock markets closed on Monday with different signs. While Wall Street continued to decline after last week’s decline, the Nasdaq indices rose slightly. The focus was particularly on returns on the US bond market, as the yield on trend-setting ten-year bonds temporarily rose above five percent for the first time since 2007. When it came back a little, the US stock markets, which had initially started weaker overall, stabilized.
The Dow Jones Industrial extended its 1.6 percent loss from last week and fell another 0.58 percent to 32,936 points. It therefore closed at its lowest level since May.
Bitcoin is rising by double digits
The digital currency Bitcoin has been rising significantly since last week and was most recently quoted at just under $34,000. Early in the morning, the cyber currency had even exceeded the $35,000 mark and reached its highest level in three months. In November 2022, the currency was below the Impression of the collapse of the crypto exchange FTX plummeted from over $21,000 to around $16,000. A year earlier, Bitcoin reached a record high of $69,000.
Oil prices are recovering somewhat from recent losses
Oil prices rose on Tuesday, recovering somewhat from the losses of the past two trading days. A barrel (159 liters) of North Sea Brent for delivery in December cost 90.16 US dollars in the morning. That was 33 cents more than the day before. The price for a barrel of the American variety West Texas Intermediate (WTI), also for December delivery, rose by 27 cents to $85.76.
Oil prices were able to stabilize for the time being after the losses in the last two trading days. Since last Friday, crude oil from the North Sea has fallen in price by more than three dollars per barrel. On the oil market, the hope of containing the war between the Islamist Hamas and Israel through diplomatic efforts became more prominent, which had recently weighed on oil prices.
However, concerns about an expansion of the conflict in the Middle East remain the dominant issue on the oil market. According to market observers, investors are likely to focus more on important US economic data, which is scheduled for later in the week. A decline in economic performance USA would have an impact on global demand for crude oil.