Investors acted more cautiously again on the German stock market on Tuesday. After gaining strength in the morning, the major indices came under pressure. A price slide in real estate shares, which are suffering from rising interest rates and inflation, proved to be a burden.

The leading index Dax was 0.13 percent lower at 15,107.29 points in the early afternoon. The MDax fell by 0.94 percent to 26,463.74 points. The leading eurozone index, the EuroStoxx 50, fell by 0.14 percent.

The slide in real estate values ​​continued after a breather at the beginning of the week. The European sector index Stoxx Europe 600 Real Estate fell by 3.4 percent. Higher interest rates make it more difficult to finance real estate and reduce their future value from today's perspective - further depreciation is imminent.

The shares of commercial real estate specialist Aroundtown, which hit another record low on Tuesday and recently fell by 11.9 percent, are hit particularly hard. TAG Immobilien lost 4.5 percent and LEG Immobilien 6.7 percent. In the Dax, Vonovia's shares held the red lantern with a minus of 6.2 percent.

Norma Group shares fell by seven percent. The connection technology specialist announced detailed business figures for 2022 and reduced the dividend after a drop in profits. In addition, the outlook for the operating profit margin for 2023 is below the median analyst estimate.

The euro rose and was last listed at 1.0846 dollars. The prices of German Bunds fell significantly. On the other hand, the current yield rose to 2.32 percent from 2.18 percent the previous day. The Rex pension index lost 0.58 percent to 126.08 points. The Bund future rose by 0.09 percent to 136.37 points.