30 am.. This represents a gain of 0.5 percent compared to Thursday’s closing value.
The positive performance occurred despite a general reluctance among investors anticipating further monetary easing. Analysts at Helaba noted that expectations regarding the European Central Bank (ECB) have diminished, with market participants largely expecting the path of interest rate reductions to have concluded. They assigned a low probability, below ten percent, for a single rate cut by the year-end, anticipating a continued stable key interest rate level thereafter.
Shares of Siemens, BMW and Munich Re demonstrated strong gains, leading the performance list with increases exceeding one percent. Continental and Mercedes-Benz were also among the most sought-after securities. Conversely, Daimler Truck experienced a decline, with shares being offloaded and experiencing a loss of over three percent at the market opening, potentially driven by renewed concerns surrounding US trade policy.
The Euro strengthened slightly Friday morning, trading at $1.1676, with the US dollar valued at €0.8565.
