13.02.202409:02:00UTC+00DAX Edges Lower Ahead Of Economic Sentiment Data

German stocks experienced a drop on Tuesday, due in part to anticipation around forthcoming German and Eurozone ZEW economic sentiment data. The imminent reveal of key U.S. consumer price inflation data, crucial for forecasting the Federal Reserve's rate pathway, also contributed to this decline.

The standard DAX index fell by 99 points, marking a 0.6 percent decrease, settling at a level of 16,937. This comes after a 0.7 percent ascent on Monday.

In related corporate news, the travel management corporation, TUI Group, saw its stock elevate 1.3 percent. This upward momentum followed the company's announcement of a narrower loss during the first quarter, a positive result of increased revenue - a product of higher demand and improved pricing and rates. Furthermore, TUI Group confirmed its full-year guidance.

The hydrogen-focused business, Thyssenkrupp Nucera, also witnessed a rise in stocks, increasing by 1.4 percent. This growth stems from their first-quarter sales report, which boasted a more than a third increase due to an augmented demand for its electrolyser technology.