Stock market index DAX begins at unprecedented peak level
In a positive start to the trading week, the Frankfurt Stock Exchange opened with gains on Tuesday morning. The DAX index, which tracks the 40 major German blue-chip stocks, representing about 80% of the market cap, showed a 0.6% increase compared to the previous day's close.
As of 09:30, the DAX was calculated at around 13,870 points. Notably, a new all-time high of 13,878.13 points was briefly reached shortly after the market opened.
Several stocks saw significant movements on this day. SAP, MTU, and Covestro were among the top performers, while Delivery Hero, Deutsche Bank, and Infineon found themselves at the bottom.
The European common currency strengthened on Tuesday, with one euro trading at 1.2252 US dollars, representing a 0.4% increase. This strengthening of the euro had a positive impact on the gold price, with one ounce trading at 1,881 US dollars (+0.4%). The gold-to-euro exchange rate stood at 49.36 euros per gram.
In the oil market, the price for North Sea Brent crude increased by 1.24%, with a barrel costing 51.49 US dollars at 9:00 CET. This represents a 63 cent rise compared to the previous day's close.
It is important to note that specific stock market data for September 2022, including the top performing shares on any Tuesday, may not be readily available in general search results. For precise information on the top performers on a particular day, one would typically refer to historical stock market data providers or financial databases that archive daily stock price movements and percentage gains/losses for that period.
This article serves as a general overview of the stock market activities on Tuesday in question. For more specific and detailed information, it is recommended to consult a reliable historical stock performance data provider or financial database.
Other technology companies, such as SAP, MTU, and Covestro, showed strong performance in the business sector, contributing to the overall growth on the Frankfurt Stock Exchange during the trading week. The advancements in technology may have played a role in these positive results, further highlighting the significance of technological innovation in the finance industry.
