FRANKFURT (dpa-AFX) - On Tuesday, the DAX ultimately struggled in vain to overcome the 25,000-point hurdle. Even a positive Wall Street was unable to provide lasting support.
The leading German index ended the session down by 0.02 percent at 24,986.25 points. The MDAX, which tracks mid-cap stocks, gained 0.10 percent to close at 31,409.50 points. The Eurozone's benchmark EuroStoxx 50 rose by 0.04 percent to 6,116.60 points. The UK's FTSE 100 also finished nearly unchanged. In contrast, the SMI in Zurich surpassed the 14,000-point mark for the first time, closing the day with a significant gain.
"The bold are currently in the minority," summarized market expert Thomas Altmann from asset manager QC Partners regarding the DAX's performance. The combination of uncertainty surrounding US tariff policy and the Iran conflict is currently deterring investors from buying stocks. However, they do occasionally return to the market during periods of price weakness. Chief market analyst Andreas Lipkow from broker CMC Markets also noted that, with regard to tariffs, the central question now is "how an agreement between the USA and the European Union can be reached when there is no longer any clarity at all." /ck/he
