DAX continues recovery course with moderate gain

The DAX was able to continue its recent upward trend on Tuesday, posting a moderate gain of 0.35 percent, closing the trading day at 18,131.97 points. However, this stabilization resembles a delicate plant that should not be exposed to sudden mood swings, warns analyst Konstantin Oldenburger from broker CMC Markets. The markets are still weighed down by uncertainties regarding the political future of France and, consequently, the entire European Union. The MDAX, representing mid-sized companies, rose by 0.42 percent to 25,589.93 points. Economic data from Germany and the United States left no noticeable impact on the markets overall. Defense stocks were particularly in demand, as Germany has reported estimated defense expenditures of 90.6 billion euros to NATO for 2024, thereby clearly meeting the two percent target of the alliance. In New York, new records remained elusive. The broad-based S&P 500 and the tech-heavy Nasdaq 100 failed to reach new highs. The Dow Jones Industrial also showed little change by the close of the European markets.