The DAX started trading Wednesday with modest gains. The benchmark index was calculated at approximately 24,410 points by 9:30 AM, marking a 0.1 percent increase compared to the previous day’s close. Leading stocks in the index list included Siemens Energy, Infineon, and Brenntag, followed by Scout24, SAP, and Zalando.
Commenting on market conditions, Thomas Altmann from QC Partners stated that interest rates remain a primary focus in global capital markets. He noted that the yield on ten-year government bonds had reached a new 15-year high of 3.2 percent just yesterday. Altmann highlighted the bond auction scheduled for today-the 2036 maturity federal bond-suggesting that the yield at which it sells and the depth of investor demand will be crucial points of interest. He added that current government bond issuance poses a significant, long-term strain on the federal budget due to high interest payments.
Altmann advised that the major highlight of the day’s financial markets, however, lies beyond the close of the US exchanges. Nvidia is scheduled to release its first-quarter report. The market expert noted that investors and analysts anticipate this marks the 15th consecutive profit increase. Crucially, he emphasized that the forward guidance (outlook) is just as important as the actual result, stating that Nvidia is one of the stocks capable of driving the overall market single-handedly.
In currency movements, the Euro was slightly weaker in the morning; one Euro cost 1.1597 US dollars, while a dollar was priced at 0.8623 Euros. Separately, the price of oil dropped. One barrel of North Sea Brent crude was trading at $110.10 against German time at 9 AM, representing a decrease of 1.0 percent (or 116 cents) compared to the close of the previous trading day.
