The German Dax index opened the trading day with a slight positive start and maintained its upward trend until midday. By 12:30 pm, the benchmark index had reached around 23,605 points, a 0.4 percent increase from the previous day’s close. Siemens Energy, Daimler Truck and Deutsche Bank led the market, while Symrise, Beiersdorf and Sartorius trailed behind.
Market experts remain cautious, but some investors are gradually returning to the stock market, according to Andreas Lipkow, a market expert. “Currently, 25 of the Dax 40 companies are on the winning side. However, Symrise shares are under pressure after the company’s downgraded forecast” Lipkow said. The technology sector, in particular, failed to spark a buying frenzy, with the overall trading volume remaining thin and calm ahead of the US market’s opening.
Meanwhile, the euro was stronger against the US dollar, trading at 1.1578 dollars per euro, with the dollar equivalent to 0.8637 euros. The Brent crude oil price, however, fell to 73.90 US dollars per barrel, a 0.4 percent drop from the previous day’s close, or 33 cents less.