German Dax Holds Steady Ahead of Earnings Season
Awaiting the upcoming earnings season, optimism is fading in the German stock market. Despite defensive stocks propping up the stock market today, oil and gold prices have dipped slightly.
The Dax index held steady on Tuesday, climbing 0.2 percent to around 24,430 points. Defensive stocks, such as Deutsche Börse and Deutsche Telekom, provided support. However, the overall mood was cautious, with market participants waiting for clearer trading signals.
Among the gainers were SAP, Adidas, and Symrise. SAP's stock rose by 1-1.5 percent, while Adidas saw a minimal increase of 0.08 percent. Symrise, on the other hand, gained 2.3 percent. Meanwhile, profit-taking weighed on shares of Bayer, BMW, and Infineon, with each company's stock price declining by 2 percent or more.
In the commodities market, oil prices slipped slightly, with a barrel of Brent crude costing 65.32 US dollars, down 0.2 percent. Gold prices also dipped, with an ounce of gold trading at 3,957 US dollars, a 0.1 percent decrease.
As the earnings season approaches, the German stock market today remains stable but cautious. While defensive stocks and some individual gainers buoy the stock market, profit-taking and slight commodity price drops suggest a wait-and-see attitude among investors.
