30 AM.. This represented a gain of 0.6 percent compared to the previous day’s closing level. Heidelberg Materials, SAP and Siemens Energy were among the top performers, while Airbus, Siemens Healthineers and Adidas lagged at the lower end of the ranking.
Analysts attributed the initial positive sentiment to the rebound from Wednesday’s brief dip in US markets, fueled by robust earnings reports from American tech giants Meta and Microsoft. The positive trend on Wall Street also supported the rise in the DAX and other European indices, suggesting the possibility of a challenge to the existing record highs.
However, tempering the overall optimism was news from China. Thomas Altmann of QC Partners noted a concerning decline in the Purchasing Managers’ Index (PMI) for the country’s important industrial sector, pushing it further away from the key expansion threshold of 50. This development highlights ongoing economic challenges within the Chinese economy.
The euro strengthened slightly during Thursday morning trading, reaching $1.1451, with the dollar correspondingly valued at €0.8733.
Meanwhile, crude oil prices experienced a slight decrease. Brent North Sea crude was trading at $73.20 per barrel around 9:00 AM German time, a reduction of 4 cents or 0.1 percent compared to the close of the previous trading day.
