The German stock market extended its recent winning streak on Tuesday. In the first few minutes of trading, the Dax rose by 0.32 percent to 14,359.60 points. Since its low for the year at the end of September, the leading index has now recovered by more than 20 percent and is now at its highest level since the beginning of June. The MDax gained 0.41 percent on Tuesday morning to 26,412.85 points. The leading eurozone index, the EuroStoxx 50, rose by around 0.4 percent.
Support comes from sharp gains in China’s trading hubs, most notably Hong Kong. The stock exchanges there benefited from measures taken by the Chinese government to support the real estate sector. In addition, the Commerzbank experts referred to slight signs of relaxation in the relationship between China and the United States. The German stock market could receive fresh impetus from the ZEW index in the late morning and from data on producer prices in the USA in the early afternoon.
