7 percent
Leading the gains were Heidelberg Materials, Zalando and RWE Conversely, MTU, BASF and Rheinmetall were among the poorer performers
Market analyst Andreas Lipkow noted investor focus remained on technology stocks such as Zalando and SAP He also highlighted increased demand for defensive sectors, driving gains in companies like Bayer, RWE and Deutsche Telekom
However, a generally cautious sentiment prevailed Lipkow anticipates this will continue until the release of key macroeconomic data from the United States later today
The Euro weakened slightly during afternoon trading, reaching a value of 11655 US dollars Correspondingly, one US dollar was worth approximately 08580 Euros
Gold prices also declined, trading at 3,540 US dollars per troy ounce, a decrease of 05 percent, equivalent to 9766 Euros per gram
Oil prices experienced a more significant drop, with Brent crude futures settling at 6687 US dollars per barrel around 12:00 PM CET, representing a decline of 73 cents, or 11 percent, from the previous session’s close
