The German stock market is experiencing a restrained performance on Tuesday morning, as investors proceed with caution due to the absence of significant market catalysts. Anticipation surrounds the release of euro area inflation data for December, scheduled for later in the morning, which is expected to provide market direction.
The DAX index, which began the day at 20,184.66, climbed to 20,251.45 before settling at 20,231.26, reflecting a modest gain of 21.28 points or 0.11%.
Notable gainers include Adidas, up by 1.8%, Sartorius rising 1.5%, and Porsche gaining 1.3%. Other advancing stocks include Beiersdorf, Vonovia, BASF, Infineon, and Siemens Energy, with increases ranging from 0.6% to 1.2%.
Delivery Hero is experiencing strong growth with a 4.3% increase. Additionally, Hugo Boss, Hello Fresh, Lufthansa, Evotec, and Deutsche Wohnen are seeing gains between 1.3% and 2.1%.
Conversely, Deutsche Bank has declined by approximately 2.5%. HeidelbergCement is down nearly 1%, and Mercedes-Benz, Allianz, Continental, Munich RE, Hannover Rueck, and Commerzbank are experiencing decreases ranging from 0.5% to 0.7%.
Economists predict that the euro area inflation rate will have increased to 2.4% in December, up from 2.2% in November. The unemployment rate is expected to remain stable at 6.3% for November.
Additionally, data from S&P Global indicates that the HCOB Germany Construction PMI fell to 37.8 in December, marking the lowest level in eight months, compared to a previous 38.0 in November.
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