After the strong start to the week, the Dax continued to rise on Tuesday. The leading German index is again close to the hurdle of 13,000 points, which it had tested the day before for the first time since mid-September. A few minutes after the start of the stock exchange, the Dax rose by 0.38 percent to 12,981.00 points.
After the sliding 50-day line on the previous day, it now also surpassed the 90-day line again, which chart-oriented investors also use as an indicator of the medium-term trend.
After support from the US stock exchanges and falling gas prices the day before, SAP's quarterly report has now created a good atmosphere. The SAP share was the favorite in the Dax with a plus of 4 percent. As the year progresses, investor interest is likely to shift to the Ifo business climate in Germany, which is likely to have deteriorated further.
The MDax rose in the morning by 0.81 percent to 23,430.33 points. At the same time, the EuroStoxx rose by 0.42 percent to 3542.46 points.