European markets experienced a subdued performance Thursday, with the German DAX index continuing its downward trend following a weak start to the trading day. By midday, the benchmark index was calculated at approximately 23,510 points, representing a decline of 0.7 percent from the previous day’s closing level.
Commerzbank, Continental and Hannover Rück led the gainers on the DAX, while Siemens Energy, Siemens Healthineers and Heidelberg Materials showed less positive performance.
Market analysts attributed the cautious trading to anticipation surrounding the upcoming release of key macroeconomic data from the United States. Despite the overall downbeat sentiment, limited buying interest was observed among banking and insurance stocks. Selective purchases were also noted in the automotive sector, involving companies such as Mercedes-Benz, Volkswagen, BMW and Porsche, as well as in utility stocks.
The euro strengthened slightly against the dollar, reaching a rate of $1.1749, translating to €0.8511 per US dollar.
In commodities trading, oil prices decreased. Brent crude, a benchmark North Sea variety, was trading at $69.07 per barrel around noon, a drop of 24 cents or 0.4 percent lower than the previous day’s close. Analysts caution that market dynamics remain subject to change and could shift significantly during the afternoon session.
