The DAX index moved slightly higher in the green during the morning session on Monday, following a cautious start to trading. By approximately 12:50 PM, the major index was registered at around 25,110 points, representing a 0.2% gain compared to Friday’s closing level. Leading the performance list were Telekom, Siemens Healthineers, and Deutsche Börse, while Infineon, Fresenius, and MTU finished at the bottom.
Andreas Lipkow, Chief Market Analyst at CMC Markets, noted that “bargain hunters bought the DAX back above the 25,000 point mark.” He added that investors are currently overlooking the potential repercussions of the recent escalation in the Middle East. This positive sentiment is supported by good quarterly figures from the Taiwanese semiconductor giant TSMC. Lipkow stated that record revenues in the last quarter signal ongoing demand for AI-capable semiconductors, which helps to temper concerns about an end to the current cycle.
Other markets saw significant changes. The European common currency strengthened by midday; one Euro was trading at $1.1433, meaning one Dollar was worth 0.8747 Euro. Meanwhile, crude oil prices surged sharply. A barrel of North Sea Brent crude cost $78.42 around noon German time, marking a 3.2% increase over the previous day’s closing price.
