Disappointing data from the industry and the unstable situation on the oil market weighed on the Dax on Tuesday.
Disappointing data from the industry and the unstable situation on the oil market weighed on the Dax on Tuesday.
Shortly after the start of trading, the German benchmark index fell by 0.32 percent to 15,611.95 points. The MDax hardly changed with a plus of 0.01 percent to 34,538.46 meters. The leading Eurozone index EuroStoxx 50 fell by 0.22 percent to 4078.33 points.
In May, German industry received significantly fewer orders than a month earlier. Analysts, however, had expected an increase. The weak foreign demand outside the eurozone was the main burden.
In view of the broken talks at Opec +, market analyst Milan Cutkovic also referred to the “oil price as a mood killer” and spoke of the gathering “dark clouds on the stock market sky, which is still summery”.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
