30 pm, representing a 0.9 percent increase over the Friday close. Vonovia, Rheinmetall and Eon led the list of gainers, while Siemens Energy, Siemens Healthineers and Infineon trailed at the end.
Market expert Andreas Lipkow attributed the optimism to hopes of a solution to Germany’s economic knot, with investors once again looking at the stocks of German automakers. The Ifo business climate index for the current situation fell short of expectations, but the expectations index surprised to the upside, which is likely linked to the upcoming federal election.
The euro was slightly weaker against the US dollar, with one euro equivalent to 1.0469 US dollars and one US dollar to 0.9552 euros. Meanwhile, the oil price saw a slight increase, with a barrel of North Sea Brent crude costing approximately 74.50 US dollars at 12 pm CET, a 7-cent or 0.1 percent rise over the previous trading day’s close.