Dusseldorf The leading German index initially rose at the start of trading on Tuesday, but lost its gains again at noon. Most recently, the leading index was slightly down at 15,115 points.
Bank stocks, which rallied strongly on Monday, initially continued to climb today. Commerzbank shares gain around one percent. However, Deutsche Bank papers lose 1.4 percent after initial price gains. The market is increasingly referring to Deutsche Bank’s exposure – i.e. the risks – in the real estate sector, a trader told Reuters news agency.
“The banking crisis is taking a back seat, at least for the moment,” said Thomas Altmann, portfolio manager at asset manager QC Partners. “However, it remains to be seen whether that will be enough for a longer recovery on the stock market.”
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