Dusseldorf The Dax extends its slight setback on Tuesday. At noon, the leading German index lost 0.4 percent and traded at 13,157 points. The stock market barometer closed on Monday with a minus of 0.3 percent and a final value of 13,210 points.
However, such breathers should not come as a surprise, because since July 14, the Dax has gained almost 1000 points in the meantime. And as long as the Frankfurt benchmark remains above the 13,000 point mark, little will change in this trend. So far, the leading German index has “processed” the news of lower gas supplies well.
The European gas price continued to soar on Tuesday. The reason for the renewed price jump is the prospect of further throttling of Russian gas supplies through the Baltic Sea pipeline Nord Stream 1.
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