![https://img.particlenews.com/image.php?url=1MtF4J_0up39NwT00](https://img.particlenews.com/image.php?type=thumbnail_580x000&url=1MtF4J_0up39NwT00)
The German stock index DAX is stabilizing initially on Tuesday morning following a recent slump, rising by 0.80% to 17,477.75 points.
The stock market barometer overcame the 200-day moving average line again, indicating the longer-term trend on the stock exchange.
The MDAX of medium-sized companies gained 1.17% to 24,244.02 points. The eurozone leading index EuroStoxx 50 went up by 0.51%.
Very weak global stock markets, due to concerns about an economic crisis in the United States, had weighed on the German stock market at the beginning of the week.
On Tuesday, the Nikkei-225 leading index in Tokyo, which had plunged by more than 12% the previous day, was on a steep recovery course, closing up by 10%.
Improvement is also emerging in the US after a very weak start to the week.
"The situation has calmed down for now," wrote Jochen Stanzl, an analyst at the trading house CMC Markets.
He noted that while the spectre of recession had returned to the trading floor, this fear of an economic downturn was currently only in the minds of investors, with no real solid evidence.
Attention in Germany is once again increasingly focused on the ongoing corporate reporting season.
At the top of the DAX, the highly volatile shares of Zalando gained more than 5%.
Experts at Capital Economics remain optimistic, considering a "soft landing" of the economy in the United States to be the most likely scenario, despite recently weak labour market data.
They added that further market turmoil could prompt the US Federal Reserve to ease monetary policy more quickly than expected.
The recent recession worries were triggered by particularly weak labour market data from the US, which caused a stir on Friday.
However, Robert Greil, chief strategist of the private bank Merck Finck, wrote that the rising fears were exaggerated and there was no need for panic.
He noted that the labour market report for July might point to a slowdown in growth momentum but was influenced by some special effects.
Other indicators, such as the purchasing managers' index from the Institute for Supply Management for the US services sector, showed positive developments in terms of employment and order intake.
Comments / 0