German stocks drifted lower in cautious trade Tuesday morning as investors reacted to German PMI data and looked ahead to the crucial U.S. jobs data for clues about the Federal Reserve's monetary policy. The focus was also on the progress in Ukraine peace talks.
The benchmark DAX, which dropped to 24,199.94 earlier, was down 98.70 or 0.4% at 24,161.97 a little while ago.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.