The Dax experienced a stronger start to trading on Thursday. Around 9:30 AM, the leading index was calculated at approximately 23,297 points, which is 0.8 percent below the previous day’s closing. At the top of the price list were Siemens Energy, Heidelberg Materials and Qiagen, while at the bottom were RWE, Hannover Rück and Mercedes-Benz.
According to market analyst Andreas Lipkow, the market participants reacted positively to the press conference of the US Federal Reserve. Jerome Powell has stated that both the US unemployment rate and inflation could be negatively affected by potential tariffs and US trade protectionism.
Investors were also pleased with the news that the US wants to ease trade restrictions in the semiconductor sector. According to Lipkow, the restrictions in this sector have become so complex in recent years that a relaxation is long overdue.
The European common currency, the Euro, was weaker on Thursday morning, with one Euro costing 1.1285 US dollars and one US dollar equivalent to 0.8861 Euros.
Meanwhile, the oil price has risen slightly. A barrel of North Sea Brent crude cost 61.22 US dollars on Thursday morning, which is 10 cents or 0.2 percent more than the previous day’s closing price.