FRANKFURT (dpa-AFX) – The German stock market showed little change and lacked clear direction on Tuesday, as investors remained cautious amid partly disappointing corporate outlooks and upcoming central bank interest rate decisions this week. Market participants also adopted a defensive stance ahead of quarterly reports from major U.S. technology firms expected later in the week.
The DAX barely moved in the afternoon, ultimately closing down 0.12 percent at 24,278.63 points. Once again, Germany’s benchmark index failed to keep pace with record rallies on other major exchanges, remaining some distance from its all-time high of 24,771 points. In contrast, the MDAX, which tracks mid-sized German companies, ended the session 0.32 percent higher at 30,236.96 points.
The EuroStoxx 50 finished 0.1 percent lower at 5,704 points. Outside the eurozone, Switzerland’s SMI fell by 1.3 percent, while…
