The German stock market opened on Good Friday with a decline. By 9:30 a.m. the DAX settled around 22,930 points, roughly 1.6 % below yesterday’s closing level. In the top of the ranking were Brenntag, Hannover Rück and E.ON; at the bottom, Infineon, Siemens Energy and Deutsche Bank.
Thomas Altmann of QC Partners commented that “Donald Trump currently appears to steer the direction and pace of the markets almost single‑handedly”. He added that after a brief uptick, Trump “sets the markets on a new slide”. The market had begun pricing in a calmer future, but his new threats toward Tehran seemed to reverse that sentiment, causing shares, bonds and Bitcoin to fall while oil prices climbed.
Altmann noted that the DAX rally might end after “three consecutive positive days” today, with the 23,000‑point threshold now in focus. Since the war began, there have already been six trading days on which the index breached that level either upper or lower; “it is quite possible that many more such days will follow”.
The euro weakened on Thursday morning, trading at 1.1529 U.S. dollars per euro, while the dollar was worth 0.8674 euros.
Meanwhile, oil prices surged: a barrel of Brent crude fetched about $108.00 at 9:00 a.m. German time, a 6.7 % increase over the previous day’s close.
