On Thursday the DAX slipped further into the negative after a relatively weak start to the trading day. By about 12:30 p.m. the benchmark index had closed at roughly 25,105 points, down 0.7 % from the previous day’s close. The top performers were Rheinmetall, FMC and Scout 24, while the lowest were Airbus, BMW and Volkswagen.
Investors appeared somewhat jaded by both Airbus’s quarterly results and the disappointing figures from Italian supplier Enel, according to Andreas Lipkow, chief market analyst at CMC Markets. He noted that those outcomes resonate across the cyclical sectors and utilities within the DAX 40, leaving only 14 companies in the index still reporting profits.
Lipkow cautioned that Europe’s economic outlook remains volatile and far from a sustainable recovery. “At best, economies are in a stagnation phase and trying to carve out a trough” he said, adding that recent positive macro data had spurred optimism which corporate results have not yet justified. “The defense industry and the construction boom around the AI sector are current pillars of support, yet a wide‑ranging economic turnaround is not yet visible”.
The euro was slightly stronger at noon, trading at 1.1790 U.S. dollars per euro, or equivalently 0.8482 euros per dollar. Meanwhile, oil prices rose sharply: Brent crude fetched about 71.17 U.S. dollars per barrel at 12:00 German time, up 82 cents or 1.2 % from the prior day’s close.
