DAX recovers as US rate cut hopes lift the stock market today
Markets showed mixed movements on Tuesday as investors reacted to shifting economic signals. Oil and gold prices rose, while defense stocks fell on hopes of a ceasefire in the stock market. Meanwhile, Germany’s DAX index avoided a steeper decline thanks to expectations of US interest rate cuts.
The DAX closed at 23,239 points on Xetra, gaining 0.6% from the previous session. A late rally helped prevent a sharper drop after Wall Street saw a relief rebound. Bond markets now price in a 70% chance of a third US rate cut this year, easing pressure on equities.
The DAX’s modest gain reflects renewed confidence in the stock market today. Bayer’s pharmaceutical success and rising commodity prices added support, though geopolitical shifts weighed on defense-related shares. Markets now await further signals from central banks and conflict zones.
