The DAX began the trading day on Thursday morning with losses. At around 9:30 a.m., the leading index was calculated at approximately 24,947 points, representing a decline of 0.2% from the previous day’s closing level. The top performers included Deutsche Bank, Heidelberg Materials, and Hochtief, while the weakest stocks were Hannover Rück, Eon, and Qiagen.
Andreas Lipkow, Chief Market Analyst at CMC Markets, explained that profit-taking continued in the semiconductor sector on Asian stock exchanges. He noted that TSMC’s official quarterly figures merely confirmed the preliminary results. Despite strong increases in profit and revenue, investor skepticism remains regarding the future development of the AI and data center business in this late cyclical phase.
Furthermore, Lipkow highlighted that tensions in the Middle East persist. Investors are closely monitoring the United States’ further actions in the region and view the potential effects on the global economy as critical. Conversely, the US central bank’s economic report painted a positive picture, indicating that moderate growth or at least a stabilizing trend is evident in eleven of the twelve monitored economic regions.
In currency markets, the European common currency strengthened slightly on Thursday morning; the Euro traded at $1.1471, while the dollar was available for 0.8718 Euro. Meanwhile, the price of oil fell. A barrel of Brent crude from the North Sea was valued at $84.53 around 9 a.m. German time, a drop of 42 cents, or 0.5%, compared to the close of the preceding trading day.
