Dax investors are showing renewed confidence following a weak start to the week. The German benchmark index rose 0.3 percent to 24,499 points at Tuesday's open, after retreating by over one percent on Monday. "As long as the U.S. and Iran are exchanging words rather than missiles, investors are holding onto their equity positions in hopes of further gains," noted Jochen Stanzl, chief market analyst at Consorsbank. "Much now depends on the negotiations in Pakistan, but also on the extent to which the AI sector has decoupled from the prospect of peace between the U.S. and Iran."
Among individual stocks, chip equipment manufacturer Aixtron was among the top performers, gaining around five percent. Conversely, Beiersdorf shares fell by up to three percent at the opening bell. The Nivea manufacturer started the year with a decline in revenue, weighed down by weak performance in its core brand and luxury division.
(Report by Stefanie Geiger, edited by Sabine Wollrab. For inquiries, please contact our editorial office at berlin.newsroom@thomsonreuters.com (for politics and economics) or frankfurt.newsroom@thomsonreuters.com (for companies and markets)
