Glimmers of hope in the Ukraine conflict put the German stock market on course for recovery on Tuesday. The Dax recently gained 1.23 percent to 15,300 points.
The MDax of medium-sized stocks advanced by 1.28 percent to 33,153 points in the first hour of trading. The Eurozone’s leading barometer, the EuroStoxx 50, gained 1.3 percent. At the market, reference was made to unconfirmed reports by the Russian news agency Interfax, according to which some units of the Russian army in the south and west were returning to their barracks.
The ZEW economic expectations are likely to attract attention in the morning as one of the first leading indicators for February. Dekabank only expects a slight improvement in the figures from the Center for European Economic Research (ZEW). Despite all the confidence that the corona pandemic will subside and supply bottlenecks will decrease, the Ukraine conflict, concerns about excessive inflation and a faster reaction by the European Central Bank should have a dampening effect, it said.
The shares of Delivery Hero pivoted along with other German online stocks on a recovery course. In the previous week, the food delivery service had scared investors with a gloomy outlook and caused severe turbulence in the course. On Tuesday, the titles at the top of the Dax gained 4.6 percent.
The shares of the online used car dealer Auto1 gained 4.3 percent at the top of the MDax after falling to a record low on Monday.
In the SDax of the smaller stocks, shares in KWS Saat increased by 2.7 percent following a buy recommendation from Warburg Research. (dpa)