The German stock market benchmark, the DAX, managed a modest gain on Thursday, closing at 24,296 points. This represented a 0.2% increase compared to the previous day’s close, although the positive result was achieved after a day of fluctuating performance.
The European Central Bank’s (ECB) interest rate decision, announced earlier in the day, had a limited impact on market sentiment. The ECB opted to maintain its key interest rates unchanged, as widely anticipated.
Deutsche Bank shares experienced a significant surge, climbing nearly 9% until shortly before the market closed. This positive movement followed the release of the bank’s interim financial results, which revealed a threefold increase in profits for the first half of the year compared to the entire previous year.
Telekom shares also performed strongly, appreciating by roughly 5% throughout the trading session. Conversely, Infineon and MTU experienced noticeable declines in similar proportions.
The euro strengthened slightly against the US dollar on Thursday afternoon, trading at $1.1776, which equated to €0.8492 per dollar.