The Dax index started the trading day on Thursday with gains. By 9:30 am, the benchmark index was calculated at around 21,710 points, a 0.3% increase from the previous day’s close and a new all-time high. At the top of the list of stocks, Siemens Energy shares led the way, while Deutsche Bank shares lagged behind.
“Today, market participants will be dealing with a multitude of trading impulses” said market analyst Andreas Lipkow. “Yesterday’s trading guidance, including the US Federal Reserve’s interest rate decision and the quarterly earnings of Microsoft, Tesla, Meta and IBM, will be factored in. Additionally, the thin trading in Asia needs to be processed.”
For the European market, the pre-market quarterly earnings of Deutsche Bank, Symrise, BBVA, DWS and Roche played a significant role, according to Lipkow. “Today, we can expect the European Central Bank’s interest rate decision, GDP data from the EU and the US, US jobless numbers and quarterly earnings from Apple, among others, to influence the market.”
The euro was barely changed in the morning: one euro was equivalent to 1.0421 US dollars and one US dollar was equivalent to 0.9596 euros.
Meanwhile, the oil price slipped slightly: a barrel of Brent crude was trading at around 76.56 US dollars at 9 am CET, a 2-cent or 0.0% decrease from the previous day’s close.