According to calculations by banks and brokerage houses, the DAX will open higher on Tuesday.

At the beginning of the week, investors had regained courage after the recent sell-off and lifted the leading German index by 0.7 percent to 17,861 points. The relative calm in the Middle East over the weekend provided confidence, said Jürgen Molnar, capital market strategist at broker RoboMarkets. Increasingly, attention is now turning to the balance sheets of the major US technology companies. "At a time when the interest rate fantasy is abruptly fading, companies need a lot of profit fantasy to justify the still high valuations."

Continued strong cloud business provided SAP with further strong growth at the start of the year, as the Walldorf-based software company announced the previous evening. The balance sheets of US tech companies such as Facebook parent Meta, IT group IBM and Google parent Alphabet are due later in the week.

The balance sheet season picks up speed during the course of the day. Investors will then look through the figures from UPS, Spotify and General Motors, among others. After the close of trading, the quarterly results of Deutsche Börse, ASM International, Tesla, Texas Instruments and Visa are also on the agenda.

Closing prices in Europe

Stock indices and

-futures on Monday

Dax 17,860.80

Dax future 18,167.00

EuroStoxx50 4,936.85

EuroStoxx50 future 4,918.00

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Closing prices of the status Change in

US indices on Monday Percent

Dow Jones 38,239.98 +0.7%

Nasdaq 15,451.31 +1.1%

S&P 500 5,010.60 +0.9%

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Asian indices at 07:25 Change in

Tuesday clock percent

Nikkei 37,550.27 +0.3%

Shanghai 3,028.88 -0.5%

Hang Seng 16,800.55 +1.8%

(Report by Stefanie Geiger, edited by Christian Götz. If you have any questions, please contact our editorial team at berlin.newsroom@thomsonreuters.com (for politics and the economy) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)