The German DAX index continued its positive trajectory midday Thursday, maintaining gains established earlier in the trading session. Around 12:30 PM local time, the benchmark index was calculated at approximately 24,275 points, representing a 0.4 percent increase from the previous day’s closing level. Vonovia, Rheinmetall and Airbus led the gainers, while RWE, Brenntag and Eon were among the companies experiencing losses.
Market expert Andreas Lipkow noted that investors reacted calmly to slightly weaker-than-expected economic data released from the Eurozone. Figures for industrial production and GDP within the EU came in below prior expectations.
Currently, substantial market attention is focused on the scheduled meeting Friday between Donald Trump and Vladimir Putin, overshadowing other economic considerations. “Despite this focus, the overall market sentiment remains stable, evidenced by the balanced distribution of winners and losers among the DAX-40 companies” Lipkow stated.
The Euro saw a slight weakening in value during Thursday midday trading. One Euro was worth 1.1687 US Dollars, with one US Dollar equivalent to 0.8557 Euros.
Meanwhile, crude oil prices increased. A barrel of Brent crude was trading at $65.93 around noon German time, a gain of 30 cents, or 0.5 percent, from the previous closing price.
