After the most recent series of losses, the German stock market initially made price gains on Tuesday morning. The leading index Dax rose shortly after the start of trading by 0.96 percent to 12,345.43 points. The MDax for medium-sized stocks increased by 1.09 percent to 22,694.89 points.
Stockbrokers took the price increase as a sign of stabilization, but did not want to overestimate this. It was “clearly too early” to give the all-clear, said Thomas Altmann from asset manager QC Partners. The market participants are “extremely nervous”.
In the tension between rising interest rates, high inflation and concerns about the economy, not many venture into equities at the moment. “There are still few who dare to buy in the current market environment full of economic and political risks,” reported Altmann.
