FRANKFURT (dpa-AFX) - After a weak start to the December trading month, the German stock market shifted back into gear on Tuesday. The leading index, the DAX, closed up 0.51 percent at 23,710.86 points. The MDAX, which tracks medium-sized German stocks, ultimately rose 0.16 percent to 29,523.67 points.
Market strategist Jürgen Molnar from broker Robomarkets currently sees the DAX in a "tough sideways mode." Although the index remains stable above a support zone at 23,500 points, there is still a lack of fresh momentum.
It is currently impossible to predict where the DAX will find the strength for a hoped-for year-end rally in the remaining three weeks of the year, noted analyst Christine Romar from broker CMC Markets. "In the end, it will probably only be peace in Ukraine that will decide the outcome, which is likely to be the subject of intense negotiations in the coming hours and days – with an open outcome."
Bayer shares caused a stir, soaring to their highest level since early 2024 and ultimately gaining a good 12 percent in value. The agricultural chemicals and pharmaceuticals group can continue to hope for a positive ruling from the highest US court in the billion-dollar litigation over alleged health risks posed by the weed killer glyphosate. The Solicitor General supports the request for the US Supreme Court to review the case. Bayer is hoping for a landmark ruling from the US Supreme Court due to conflicting rulings from appeals courts. This would allow the company to largely put the glyphosate case behind it./edh/mis
