Initial positive momentum carried the index upward through midday, though some of those gains were pared back during the afternoon trading session
Market analyst Andreas Lipkow noted that investors are continuing to assess the economic and political landscape in Europe, observing a general lack of strong momentum and buying interest He described trading as sluggish and relatively low-volume, suggesting a sustained recovery from recent losses remains uncertain
Shares of Adidas and Zalando led the DAX in positive performance near the close of trading, while Infineon shares lagged behind
Commodity markets presented a mixed picture The price of natural gas rose, with a megawatt-hour (MWh) for October delivery reaching €32 – a 1 percent increase day over day Should current levels hold, this translates to a potential consumer price of at least eight to ten cents per kilowatt-hour (kWh) inclusive of taxes and other fees
Conversely, oil prices declined significantly Brent crude oil traded at $6747 per barrel in the late afternoon, a decrease of $240, or 24 percent, from the previous day’s close
The Euro also strengthened against the US dollar, trading at $11678, while the dollar was valued at €08563
