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DAX ends virtually unchanged at 26,008 as rate-hike caution grows

The DAX 40 pared some early losses to close virtually unchanged at 26,008 on Tuesday. Oil prices and Middle East tensions revived inflation worries ahead of ECB and Fed monetary policy decisions.

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The DAX 40 cut earlier losses to finish virtually unchanged at 26,008 on Tuesday, with caution dominating European trade. Soaring oil prices and rising tensions in the Middle East revived inflation worries ahead of policy decisions from major central banks. 5% on Thursday, which would be its second rate hike this year, while markets are also looking for a similar move from the Fed next week. Pharmaceuticals, industrials and autos helped support the index, partly offset by weakness in technology stocks and insurers.