Throughout the trading day, losses steadily increased
Market analyst Andreas Lipkow attributed the decline to historical seasonal trends, noting September’s reputation for market weakness He observed that US equity markets opened significantly lower following the long weekend, leading to investor nervousness given relatively high valuations Lipkow added that market participants are closely monitoring any indications suggesting potential interest rate cuts in the United States
By late afternoon trading, only shares of Rheinmetall and Symrise registered gains Significant losses were seen in the stocks of Infineon, FMC, Siemens Energy and Vonovia
Commodity markets presented a mixed picture Natural gas prices decreased, with a megawatt-hour (MWh) for October delivery trading at 23 euros, a 2 percent drop from the previous day This price level, if sustained, could translate to consumer prices of at least eight to nine cents per kilowatt-hour (kWh) inclusive of additional costs and taxes
Conversely, oil prices rose notably, with Brent crude reaching $6885 per barrel, a gain of 70 cents, or 10 percent, from the prior session’s close
In foreign exchange markets, the Euro weakened to $11654, while the US dollar strengthened to 08581 Euros
