On Thursday, the Dax experienced significant growth. At the Xetra trading close, the index was calculated at 23,352.69 points, representing a 1.02% increase compared to the previous day’s closing.
According to market observers, investors see the recent trade closings and the agreement between the US and the UK as encouraging signs that a reconciliation in the tariff dispute between Trump and the EU is possible.
At the top of the list, Heidelberg Materials’ shares were trading over four percent in the green just before the trading close. Zalando and Rheinmetall’s shares were also able to gain over three percent. In contrast, Mercedes Benz’s shares were at the bottom of the list, dropping over six percent, followed by Hannoversche Rueck and Vonovia’s shares.
The European common currency, the Euro, was weaker on Thursday afternoon, with one Euro costing 1.1276 US dollars and one US dollar equivalent to 0.8868 Euros.
The gold price showed a decline, with a fine ounce trading for 3,345 US dollars in the afternoon (-0.5%). This equates to a price of 95.37 Euros per gram.
On the other hand, the oil price experienced a significant increase. A barrel of Brent crude from the North Sea was trading at 62.67 US dollars in the afternoon, representing a 2.5% increase compared to the previous trading day’s closing.