The German stock index, the DAX, began Thursday morning with modest losses. By around 9:30 a.m. the benchmark had traded at roughly 25,115 points, a decline of about 0.2 % from yesterday’s close. At the top of the daily price list were FMC, Zalando and Airbus; at the bottom were Munich Re, Bayer and Scout24.
Thomas Altmann of QC Partners commented on Nvidia, saying, “Nvidia delivered”. Q4 had been the company’s best quarter ever, and it marked the 14th consecutive rise in profits. Yet he warned that even those impressive figures were not enough to revive the wider AI hype; investors remained wary.
Regarding the DAX itself, Altmann added that the story remains unchanged. After two days below the 25,000‑point level, the index yesterday closed above it again, but it has lodged in a sideways range. He described the market as a “trader’s arena” where many participants are trying to profit from frequent buying and selling amid constant fluctuations. “A clear, especially long‑term direction is not emerging” he said.
The euro weakened on Thursday morning: one euro was worth 1.1805 U.S. dollars, and one dollar was equivalent to 0.8471 euros.
Oil prices rose during the same session. At around 9:00 a.m. German time, a barrel of Brent crude from the North Sea fetched $71.10-25 cents, or about 0.4 %, more than the close of the previous trading day.
