FX.co ★ DAX Dips Ahead Of Key Inflation Data

German stocks declined on Tuesday amid cautious trading as investors awaited key eurozone inflation data and guidance from Federal Reserve Chair Jerome Powell. The market was also responding to a surge in U.S. Treasury yields, following the U.S. Supreme Court's verdict that former President Donald Trump has immunity from federal prosecution for actions taken while in office.

This landmark ruling, coinciding with the election season, has heightened speculation about a potential Trump comeback, especially after the lackluster debate performance of the current President, Joe Biden, last week.

The DAX index fell by 136 points, or 0.8%, closing at 18,154, after having risen 0.3% the previous day.