30 a..m. This represented a 0.6% increase compared to the close of trading the previous day. Sartorius, Deutsche Bank and Siemens Energy led the index in terms of price performance, while BMW, Brenntag and Commerzbank closed at the lower end.
Elsewhere, a change in leadership in France is prompting cautious analysis. Thomas Altmann of QC Partners noted the arrival of a new Prime Minister doesn’t alter the fundamental challenges facing the nation. The budget plan for the upcoming year remains a critical priority and Altmann emphasized the need for dialogue and potential compromise between the new administration and other political factions. This may necessitate revisions to the government’s original austerity measures. The market’s reaction will be heavily influenced by the extent to which these planned savings are scaled back.
The Euro weakened slightly against the US Dollar, trading at 1.1700 USD EUR, or 0.8547 EUR USD.
Oil prices saw a rise, with a barrel of Brent North Sea crude fetching 67.03 USD, a 0.64 USD increase, or a 1.0% rise, compared to the previous trading day’s close.