After the lively start to October, the Dax initially continued to rise on Tuesday. The leading German index increased by 1.25 percent to 12,362.59 points in early trading. The MDax for medium-sized companies rose by 1.48 percent to 23,005.30 points. In the previous week, the Dax had fallen to 11,862 points, its lowest level since November 2020.
The US indices, which also had a strong start to October the day before, are currently setting the pace of recovery. After the weakest September in the past 20 years, disappointing mood data from US industry helped, according to the experts at Credit Suisse. This setback eased concerns that the US Federal Reserve would tighten the reins on monetary policy even further. A less significant interest rate hike in Australia than expected fits into this picture in the morning.
