The German benchmark index opened Thursday morning in the red. By 9:30 a.m. the DAX was at roughly 22 710 points, about 1.1 % below the previous day’s close. The best‑performing stocks were Brenntag, Henkel and Heidelberg Materials, while Siemens Energy, Porsche Holding and Von O?eva finished at the bottom of the list.
“We’re counting the hours again until the U.S. president’s ultimatum expires” said Consorsbank’s chief market analyst Jochen Stanzl. “In times of uncertainty, a fall on the market often isn’t that deep”. He added that Washington might extend the deadline to keep diplomatic talks with Iran open over the weekend. Stanzl notes a clear buying rhythm: investors tend to buy during the week and sell on Fridays and Mondays. “It seems unlikely that large positions will be built again before the weekend” he said.
The euro stayed a touch softer on Thursday. One euro fetched $1.1549, while one dollar was worth €0.8659. Meanwhile, oil prices rebounded; Brent crude stood at about $104.80 per barrel at 9:00 a.m. German time, a 2.5 % increase from the previous day’s closing price.
