The DAX gained ground on the Thursday following the Ascension holiday. At closing on the Xetra exchange, the index reached 24,455 points, marking an increase of 1.3 percent compared to the previous day’s close. Leading the index gains were shares from Infineon, SAP, and Siemens. The stocks of BMW, Scout24, and Eon were also strong, though BMW was reported to have traded with dividend discounts.
As is typical for trading around a holiday, trading volume remained relatively low. However, the market received a boost in the afternoon, spurred by the continuation of the record push on Wall Street. Meanwhile, investors are remaining closely focused on the ongoing state visit of US President Donald Trump and any resulting geopolitical repercussions.
The European common currency weakened during the afternoon session. The Euro was priced at $1.1678 per dollar, meaning one US dollar cost 0.8563 Euros.
Energy prices also saw a dip. The price for a barrel of Brent Crude, the North Sea grade, stood at $105.20 around 5 PM German time. This represented a decrease of 45 cents, or 0.4 percent, compared to the close of the previous trading day.
