Despite the Ukraine war and its consequences, the Dax quickly turned positive on Tuesday after a weak start to trading.

This means that there are at least signs of stabilization after the recent downturn.

In the afternoon, the leading German index recorded an increase of 1.6 percent to 13,037 points and thus made up for the weak start of the week to some extent.

In addition, the Dax temporarily climbed back above the 13,000 point mark.

The MDax for medium-sized companies recovered by 1.6 percent to 28,786 points, and the euro zone's leading index, the Euro Stoxx 50, rose by 1.5 percent to 3,560 points.

On Wall Street, the Dow Jones index lost 2.4 percent to 32,817 points and the S&P 500 index 3 percent to 4,201 points.

The insurer and bank shares, which were weak at the beginning of the week, were at the forefront of the market recovery: Munich Re and Deutsche Bank occupied leading Dax places with price gains of at times a good five and a half and almost four percent, and Commerzbank and Hannover Re rose by five and in the M-Dax respectively a good four percent.

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Stocks from the energy sector were also in demand.

While RWE was one of the Dax favorites with an increase of three percent, Uniper at the top of the MDax went up by almost six and a half percent.

In the small-caps index SDax, the shares from the renewable energies sector, which were usually strong the day before, were far ahead: SMA Solar, Encavis and Verbio, which was still weak on Monday, gained between five and a half and over nine percent, Nordex increased by almost seven percent.

The S-Dax leader was the online fashion retailer Global Fashion Group, which posted a brilliant recovery rally with a price increase of almost 18 percent and at least more than ironed out the previous day's loss.

Since the record high in early 2021, the losses still add up to almost 90 percent.

Despite an increase in sales, the company slipped deeper into the red last year and does not have any concrete prospects for 2022 due to the war in Ukraine.

According to quarterly figures, Schaeffler went up by almost eight percent.

Investors don't seem to have been particularly surprised that Schaeffler suspended its forecast for the current year because of the war in Ukraine.

The share has lost around 28 percent of its value since mid-February, and even a third in the current stock market year.

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