30 PM local time, the index was calculated at approximately 23,750 points, representing a 0 Around 12:30 PM local time, the index was calculated at approximately 23,750 points, representing a 07 percent increase from the previous day’s closing level
Leading the gains were Heidelberg Materials, Zalando and RWE Conversely, MTU, BASF and Rheinmetall were at the lower end of the performance spectrum
Market analyst Andreas Lipkow noted investor focus remained on technology stocks, specifically citing Zalando and SAP He also observed increased demand for defensive sectors, driving activity in shares of Bayer, RWE and Deutsche Telekom
However, a general sense of caution and a wait-and-see approach prevailed amongst investors Lipkow anticipates this will continue until the release of key macroeconomic data from the United States later today
In currency markets, the Euro saw a slight weakening, trading at 11655 US dollars Consequently, one US dollar was valued at 08580 Euros
The price of gold decreased slightly, reaching 3,540 US dollars per troy ounce in the afternoon (-05 percent), equivalent to 9766 Euros per gram
Meanwhile, oil prices dropped considerably Brent crude, a North Sea benchmark, was trading at 6687 US dollars per barrel around noon German time, a decrease of 73 cents, or 11 percent, from the previous day’s close