FRANKFURT (dpa-AFX) - Following Monday's losses, the German stock market saw moderate gains on Tuesday. Shortly after the Xetra open, the Dax climbed 0.41 percent to 24,518 points. This keeps the German benchmark index above its 200-day moving average, currently at 24,117 points, which is widely regarded as a key indicator for the long-term trend.
The conflict involving Iran remains the primary focus on the trading floor. Uncertainty persists regarding the resumption of negotiations between Iran and the US ahead of Wednesday's ceasefire expiration. While both parties have recently maintained rigid stances, media reports suggest the US delegation, led by Vice President JD Vance, is preparing to depart for Pakistan.
"As long as the US and Iran are exchanging words rather than missiles, investors are holding onto their equity positions in anticipation of further gains," noted Jochen Stanzl, analyst at Consorsbank. Much now hinges on the negotiations in Pakistan.
The MDax, which tracks mid-cap stocks, rose 0.67 percent to 31,718 points on Tuesday. Meanwhile, the EuroStoxx 50, the Eurozone's blue-chip index, edged up 0.2 percent./ajx/nas
