In the bond market, the fall in interest rates accelerated on Tuesday due to tensions between the United States and China.
This was associated with corresponding price gains because investors looked to government bonds as a safe haven.
The yield on the ten-year federal bond temporarily fell below 0.7 percent, it was the lowest level since April.
In mid-June, the yield, which is the reference interest rate for the euro area, was almost 2 percent.
The yield in Italy, the problem child of the euro zone, fell below the 3 percent mark.
Markus Fruehauf
Editor in Business.
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In the first few months of the year, the traditional distribution of roles between the equity and bond markets was suspended because prices had fallen on both markets.
Now the classic roles can be observed again, because the rising bond prices are accompanied by falling stock prices.
The Dax fell on Tuesday by 0.7 percent to 13,389 points.
Investors are shifting money back from the stock market to the bond market.
"Equity and bond performance for the first half of the year was consistent with that leading up to a recession," wrote Chris Iggo, investment strategist at Axa Investment Managers.
Energy prices remain high and the cost of living crisis is having a major impact on household incomes and spending.
The dangers of natural gas rationing and a decline in economic activity have been clearly highlighted by economists.
"Against this background, the market is skeptical about the extent to which the European Central Bank can raise interest rates," said Iggo.