Frankfurt (Reuters) - According to calculations by banks and brokerage houses, the Dax will open higher on Tuesday.

On Monday, the leading German index closed 0.1 percent lower at 16,942 points. "The German share index is not losing sight of the 17,000 mark," said analyst Konstantin Oldenburger from broker CMC Markets. "This stock market week promises great things and is packed with potential momentum generators."

The main focus will be on the US Federal Reserve's first interest rate meeting of the year. Stock market analysts expect the Federal Reserve to keep interest rates stable on Wednesday. However, they are eagerly awaiting comments from Fed Chairman Jerome Powell, which they hope will indicate the start of interest rate cuts.

In terms of economic data, gross domestic product (GDP) for Germany and the eurozone will be in the spotlight during the course of the day. According to an initial rough estimate by the Federal Statistical Office, Germany's economic strength is likely to have fallen by 0.3% in the final quarter of 2023. Experts expect slight growth at best for the current year.

On the corporate side, the focus is once again on the tech sector in the US. With Google parent Alphabet, software giant Microsoft and chip company AMD, three heavyweights are providing an insight into their books. As in previous quarters, the business figures of Google's parent company and Microsoft are once again all about the cloud business and artificial intelligence (AI). The booming demand for high-performance chips for computationally intensive AI is giving the semiconductor industry a rosy outlook. At AMD, stock market players are primarily waiting for news on the promising "MI300", which is set to take on the AI processors of top dog NVidia. 

               Closing prices of European indices Dax 16,941.71 Dax future 17,101.00 EuroStoxx50 4,639.36 EuroStoxx50 future 4,676.00 Closing prices of US indices on Tuesday Change previous trading day Dow Jones 38,333.45 +0.6 percent Nasdaq 15,628.04 +1.1 percent S&P 500 4,927.93 +0.8 percent Asian indices on Tuesday Change Nikkei 36,049.84 +0.1 percent Shang     
 (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)