DAX Ends Volatile Day Unchanged at 24,386.6 Points
The DAX experienced a volatile day on Tuesday, starting at the previous day's level and briefly dipping into negative territory before recovering. It ended the day with minimal changes at 24,386.6 points.
Steel companies dominated the stock price gains, with Thyssenkrupp, Salzgitter, and Klöckner & Co increasing by up to 4.7%. However, Aurubis experienced a significant loss of 5.6% due to profit-taking by investors following strong prior gains and their business outlook.
The DAX was influenced by thin trading and a lack of significant trading impulses. It was largely dependent on US financial markets. The gold price rose slightly to 33 euros per MWh, translating to a consumer price of around eight to ten cents per kWh. Meanwhile, the oil price fell to 65.33 US dollars per barrel of North Sea Brent crude.
The DAX's performance was characterized by volatility and a lack of significant changes, reflecting thin trading and dependence on US markets. Steel companies showed strong gains, while Aurubis experienced a notable loss. The gold and oil prices also saw movements, with gold prices increasing and oil prices decreasing.
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