the DAX opened the session 1.22 percent higher at 14,592.74 points and is still extending gains later. In doing so, it sometimes even left the 14,800 point mark behind. the TecDAX is also up sharply after starting 0.88 percent higher at 3,300.53 points.
After a positive start to the week, the leading German index made further gains on Tuesday. The day before, the DAX had temporarily climbed above 14,600 points for the first time since the Russian invasion of Ukraine and was able to break it on the second trading day of the week.
The falling oil prices have recently provided some relief on the stock markets. According to Commerzbank experts, these are falling mainly because of the corona lockdowns in China. The market is thus speculating on falling demand, it said, which is taking some pressure off the inflationary dynamics. At the same time, however, experts warn of further disruptions in global supply chains.
There is also some hope that there could still be a solution to the Ukraine conflict. On Tuesday morning, the delegations from Russia and Ukraine met in Istanbul for a new round of negotiations. The conversation has now ended. “While there are reportedly still many gaps in the demands of both sides, there appear to have been compromises on some important issues, including Ukraine’s past ambitions for NATO membership,” market expert Craig Erlam of broker Oanda told Deutsche press agency.
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the EuroSTOXX 50 moves clearly in the plus. It previously traded 0.5 percent higher at 3,906.47 units.
Good international conditions, hopes for the negotiations between Russia and Ukraine and the slide in oil prices will ensure a good mood on Europe’s stock exchanges on Tuesday.
The negotiations between Ukraine and Russia in Turkey are the focus of market participants on the second trading day of the week. Ukrainian President Zelenskyy has signaled his readiness to review the issue of his country’s neutrality. Meanwhile, Russia is no longer insisting on a change of government in Ukraine.
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the Dow Jones started the session 0.45 percent firmer at 35,114.35 points and then continues to climb. the NASDAQ Composite started with an increase of 1.01 percent to 14,500.39 points. Afterwards it goes further up.
The fact that progress has been made in the negotiations between Russia and Ukraine is supportive. The oil prices, which are still falling significantly, are also somewhat easing investors’ fears of inflation.
The consumer confidence index is on the agenda for economic data on Tuesday. Market experts expect the index to have fallen to 107.5 in March from 110.5 points in the previous month.
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The leading Japanese index Nikkei was trading 1.1 percent higher at 28,252.42 points at the end of trading.
In mainland China, the Shanghai Composite meanwhile down 0.33 percent to 3,203.94 units. In Hong Kong hang seng ultimately by 1.12 percent to 21,927.63 points.
Stock exchanges in Asia on Tuesday followed Wall Street’s positive trend from the previous day – with the exception of Shanghai, where Beijing’s lockdown policy to contain the corona pandemic curbed buying.
After the strong setback on Monday, further falling oil prices were identified as a price driver. In addition, hopeful eyes were directed to Turkey, where negotiations between Ukraine and Russia are continuing on a personal level again.
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