The Dax index briefly broke the 21,000-point mark at the start of the week, only to fall just short of it by the Xetra closing, with a 0.4% gain compared to the previous trading day. The index was calculated at 20,990 points.
Market participants are focusing on the few company announcements, with Airbus shares in the spotlight, said market analyst Andreas Lipkow. “The company announced that its business is still going smoothly, and it has decided to support some key supplier companies to re-establish the supply chain” Lipkow explained.
Airbus production has recently been experiencing some disruptions, leading to significant delivery delays. The company now aims to address these issues, and this effort has garnered positive interest from investors, according to Lipkow.
The euro was stronger in the afternoon, with one euro worth 1.0403 US dollars, a 1.19% increase, and one dollar worth 0.9613 euros.
Gold prices saw a slight increase, with one troy ounce being valued at 2.706 US dollars, a 0.1% rise, equivalent to 83.64 euros per gram.
Meanwhile, the oil price fell significantly, with one barrel of North Sea Brent crude oil being traded at 79.69 US dollars, a 1.4% decrease, or 110 cents, compared to the previous trading day’s close.