The DAX opened favorably in trading on the Ascension day. Around 9:30 AM, the leading index was calculated at approximately 24,395 points, marking an increase of 1.1% compared to the previous day’s closing level.
Marketer Andreas Lipkow observed that trading actions in Asia were calm and unflashy. He pointed out that the primary focus of market attention was the meeting scheduled between US President Trump and Chinese President Xi Jinping. Given the massive shifts in the geopolitical landscape over recent years, and the recent conflict in Iran being established as an international flashpoint, the potential outcome of the politicians’ discussions had previously been unclear.
Looking ahead, Lipkow suggested that trading in Germany is expected to remain in relatively calm patterns, only to be influenced by industrial impulses emanating from the US later in the afternoon. Key items on the daily agenda for international investors include US labor market data, import prices, and retail sales, all of which are drawing significant interest.
Regarding international assets, the European common currency was slightly weaker on Thursday morning; the Euro cost $1.1711, translating to the US dollar being available for €0.8539. Meanwhile, gold prices saw a gain, with a fine ounce priced at $4,706 in the morning, representing a 0.4% increase, or €129.19 per gram.
Finally, crude oil saw a rise. At approximately 9 AM German time, a barrel of North Sea Brent crude was priced at $106.10, an increase of 44 cents, or 0.4%, from the previous day’s close.
