Following a sluggish beginning, the German stock market gradually moved into positive territory during cautious trading on Tuesday, amidst ongoing uncertainty regarding U.S.-Iran negotiations. Alongside their responses to corporate news, investors also focused on forthcoming monetary policy announcements from significant central banks. In the realm of geopolitics, the Trump administration appeared disinclined to entertain Iran’s suggestion to reopen the Strait of Hormuz and conclude the conflict, while simultaneously sidelining conversations regarding Iran’s nuclear ambitions.
According to Reza Talaei-Nik, spokesman for Iran’s defense ministry, the United States has lost the capacity to impose its policy on sovereign nations and must recognize the necessity of relinquishing its unlawful and unreasonable demands. The benchmark DAX increased by 15.74 points, reflecting a rise of 0.07%, reaching 24,110.06 shortly before noon.
- Commerzbank experienced an increase of 1.7%. RWE and Siemens experienced increases of 1.6% and 1.3%, respectively.
- Deutsche Bank, Merck, Brenntag, Allianz, and BASF experienced increases ranging from 0.8% to 1.1%.
- Hannover RE, Deutsche Boerse, Deutsche Post, E.ON, Fresenius, Daimler Truck Holding, and Volkswagen exhibited slight increases in their valuations.
- Qiagen experienced a decline of 5.5%. Bayer experienced a decline of nearly 3%, while Henkel saw a decrease of 2.1%, and Siemens Energy dropped by 1.7%.
- Zalando, Deutsche Telekom, Rheinmetall, Siemens Healthineers, and SAP experienced declines ranging from 0.4% to 0.7%.