30 AM.. This represented a decline of 0.4 percent compared to the closing level of the previous trading day.
Rheinmetall, Zalando and Sartorius were the leading performers in the index, while Deutsche Bank, Munich Re and Commerzbank experienced the most significant drops.
Investor sentiment remains cautious, with a general strategy of “wait and see” dominating trading activity. Throughout yesterday, turnover was more than a third below the average volume observed over the past twelve months. Trading volumes were lower than those recorded yesterday on only five other trading days this year, including public holidays such as Pentecost Monday and US holidays.
According to Thomas Altmann of QC Partners, the current market environment can be characterized as a simultaneous strike by both buyers and sellers. “The fear of positioning oneself on the wrong side is simply enormous.
The Euro strengthened slightly against the US dollar, trading at $1.1794, with the dollar accordingly priced at €0.8479.
Meanwhile, crude oil prices fell; a barrel of Brent North Sea crude was priced at $67.19 around 9:00 AM German time, a decrease of 25 cents or 0.4 percent from the end of the previous trading day.