30 p..m. German time – a decline of roughly 0.3 % from yesterday’s closing level. Leading the index were Brenntag, Symrise and Deutsche Telekom, while Heidelberg Materials, Scout24 and Siemens trailed at the bottom.
Market analyst Andreas Lipkow said that caution still dominates among investors, citing ongoing tensions in the Middle East and the influx of mixed corporate news and quarterly reports. “The DAX is particularly vulnerable because it still depends on many of these factors and has little room to develop an independent trajectory” he explained.
He added that the DAX’s heavyweights remained in the middling zone today, offering little support, and that this situation might not last. “Momentum will likely remain driven by changes in the U.S. equity markets, which are an important catalyst for the DAX” Lipkow noted.
At noon, the euro had weakened slightly: one euro bought 1.1812 U.S. dollars, and one dollar traded for 0.8466 euros. Meanwhile, Brent crude oil rose modestly to $67.41 per barrel-just 8 cents, or about 0.1 %, higher than the previous day’s close.
