FRANKFURT (dpa-AFX): Following a positive start to the week, the Dax appears set for slightly lower prices on Tuesday. Approximately two and a half hours before the Xetra open, broker IG estimated the German benchmark index to be down roughly 0.2 percent at 24,855 points.

On Monday, the index initially jumped to 25,085 points amid the first wave of optimism regarding the framework agreement between the U.S. and Iran, which was finalized over the weekend. However, follow-up buying quickly dissipated, as the Dax had already rallied strongly on Friday in anticipation of the deal. The index must now focus on defending its 21-day moving average, currently situated at 24,785 points.

With the Federal Reserve's interest rate decision looming and the major derivatives expiration "triple witching" scheduled for Friday, forecasting a clear trend remains difficult. The continued performance of SpaceX shares also remains a pivotal factor for broader market sentiment.

The record-breaking initial public offering of Elon Musk's space and AI conglomerate has been a success thus far: shares reached $193 in the U.S. yesterday evening, climbing approximately 43 percent above their $135 issue price. Consequently, the market capitalization of SpaceX rose by roughly $750bn during the first two trading days to just over $2.6 trillion.

Notably, other technology giants did not suffer from capital outflows: on the contrary, Marvell and Micron both saw double-digit gains, with the latter hitting a record high. The Nasdaq is once again approaching its recent peak./ag/zb