FRANKFURT (dpa-AFX) - The Dax continued its decline on Tuesday following losses at the start of the week. The German benchmark index was unable to sustain intraday gains, ultimately shedding 0.74 percent to close at 24,433.06 points. Tensions in the Middle East remain high, while a further recovery attempt by US technology stocks faltered. The MDax lost 1.50 percent to end at 31,642.54 points.
In the Middle East conflict, Iran and Israel have temporarily ceased their recent reciprocal attacks. However, both sides threatened even more intense fighting should their respective conditions be violated. US President Donald Trump had asserted the previous day that work continues toward a swift resolution of the conflict. Oil prices retreated slightly in recent trading.
'Between the noise of crises, monetary policy question marks, and AI euphoria as a structural growth driver, investors currently lack a reliable navigation signal. Without clear guardrails, the market environment remains difficult to navigate,' commented market expert Timo Emden.
According to Andreas Lipkow, chief market analyst at broker CMC Markets, 'the stock market is facing some tough hurdles that will be difficult to overcome.' He pointed to the upcoming interest rate decisions by the European Central Bank and the US Federal Reserve. Furthermore, three major IPOs - SpaceX, Anthropic, and OpenAI - are on the horizon, which are expected to drain liquidity from the markets./niw/jha/
