DAX Closes Marginally Higher
Frankfurt's DAX 40 gave back much of its advance to close marginally up at 25,375 on Tuesday, while its European peers were mixed. Investors remained cautious amid lingering uncertainty over the Middle East, despite lower oil prices and renewed strength in technology stocks. They also braced for a deluge of economic data due tomorrow, including German inflation figures that could influence the ECB's next moves. The tech sector outperformed amid expectations that continued heavy AI investment will support long-term chip demand, while enthusiasm also grew ahead of the upcoming White House AI summit. Chipmaker Infineon Technologies and AI-related Siemens Energy climbed 4.6% and 3.7%, respectively, Industrials also gained, benefiting from lower oil prices. On the other hand, pharma & healthcare, telecom, utilities, autos and chemical companies were the most pressured. Fresenius SE & Co (-4.9%), Bayer (-3.7%) and Fresenius Medical Care (-3.2%) posted the biggest losses.
Frankfurt's DAX 40 gave back much of its advance to close marginally up at 25,375 on Tuesday, while its European peers were mixed. Investors remained cautious amid lingering uncertainty over the Middle East, despite lower oil prices and renewed strength in technology stocks. They also braced for a deluge of economic data due tomorrow, including German inflation figures that could influence the ECB's next moves. The tech sector outperformed amid expectations that continued heavy AI investment will support long-term chip demand, while enthusiasm also grew ahead of the upcoming White House AI summit.
7%, respectively, Industrials also gained, benefiting from lower oil prices. On the other hand, pharma & healthcare, telecom, utilities, autos and chemical companies were the most pressured. 2%) posted the biggest losses.