The German stock market benchmark, the DAX, maintained a positive trajectory throughout the morning trading session on Thursday, remaining in positive territory until midday. At approximately 12:30 PM local time, the index was recorded at around 24,190 points, representing a gain of 0.8 percent compared to the previous day’s closing level.
Leading the performance were Siemens, Siemens Energy and Mercedes-Benz, while Daimler Truck, Eon and Commerzbank concluded the session among the lower performers.
“The DAX appears to be comfortably positioned within the range of 24,000 to 24,250 points” commented market expert Andreas Lipkow. He noted a lack of fresh news impacting the market, with participants anticipating insights from upcoming US labor market data and import price figures.
The ongoing quarterly earnings season is currently being observed with muted impact, largely overshadowed by the ongoing trade negotiations. Lipkow stated that the third-quarter corporate results offer limited reliable signals and primarily reinforce pre-existing trends. Overall, trading patterns are characterized by relative calm.
The Euro weakened during Thursday afternoon, trading at $1.1588, making the dollar equivalent to €0.8630.
Oil prices saw an increase, with a barrel of Brent North Sea crude costing $68.76 at approximately 12:00 PM local time – a rise of 24 cents or 0.4 percent compared to the close of the previous trading day.
