The German DAX index struggled for direction in early Tuesday trading following a record high reached the previous week. Investor sentiment was dampened by negative leads from overseas markets, alongside macroeconomic headwinds from rising oil prices and higher bond yields.
Market participants also reacted to the ongoing conflict in the Middle East, as hopes for a diplomatic resolution failed to materialize. The combination of persistent geopolitical uncertainty and rising energy costs continued to weigh on European equities.
