30 am.. This represented a gain of 0.2 percent from the previous day’s closing level. Leading the gains within the index were shares in Porsche, Mercedes-Benz, Volkswagen, Rheinmetall and the reinsurance sector.
Market analysts attribute the initial buoyancy to bargain-hunting activity and anticipate continued investor focus on the upcoming corporate earnings season and the release of inflation data scheduled for later in the day. Jochen Stanzl, Chief Market Analyst at CMC Markets, noted that investors are navigating the complexities of ongoing trade uncertainties. He expects US financial institutions to report strong quarterly results, but cautioned that rising credit risks stemming from trade-related uncertainty are likely to influence future outlooks.
Beyond US inflation figures, today’s agenda includes the publication of the Center for European Economic Research’s (ZEW) July expectations survey for medium-term economic developments. The ZEW index is widely regarded as a key indicator of German economic health.
The euro strengthened slightly against the US dollar, trading at $1.1675, equivalent to €0.8565 per dollar.
Meanwhile, crude oil prices experienced a decline, with a barrel of Brent North Sea crude costing $68.68 around 9:00 am German time – a decrease of 53 cents, or 0.8 percent, compared to the previous trading day’s closing price.
