FRANKFURT (dpa-AFX) - One day before Christmas Eve, the DAX is once again showing little movement. Broker IG valued the German benchmark index at 24,302 points about two hours before the opening on Tuesday, up 0.1 percent. Already the previous day, the DAX had closed almost unchanged in a quiet session. Major investors have already closed their books for 2025, and in many places the Christmas holidays are underway.
The DAX thus continues to hold above the psychologically important 24,000-point mark. Support is coming from strong cues out of the US. For the broad-based S&P 500, the eighth consecutive winning month is now shaping up. While the DAX has been treading water for some time now, it leads the way in 2025 with a gain of nearly 22 percent. The S&P 500 has risen by around 17 percent.
Looking at global affairs, investors are keeping an eye not only on efforts to resolve the war in Ukraine, but also on the conflict between the United States and Venezuela. According to Secretary of Homeland Security Kristi Noem, the US government wants to oust Venezuela's authoritarian President Nicolás Maduro from office. It is not only about seizing oil tankers from the so-called shadow fleet en route to or from Venezuela, but also about taking action against the illegal activities in which Maduro is involved, the secretary told Fox News. "He has to go," Noem said./mis/jha/
