The Dax index remained in the green zone throughout the trading day on Thursday, following a friendly start. By 12:30 pm, the index was calculated at around 21,750 points, 0.8 percent above the previous day’s closing level.
“The Dax is making its way to its all-time high of 21,800 points, regardless of the challenges” said market analyst Andreas Lipkow. The index is getting support from the price gains of major Dax components, such as Siemens and its subsidiaries Siemens Healthineers and Siemens Energy.
Overall, the majority of the 40 Dax companies are on the winning side on Thursday. “Only the representatives of the classic defensive sectors are not in demand today. The optimism about a soon-to-be-recovering European economy seems unbroken” said Lipkow.
The European common currency was weaker on Thursday afternoon: one euro cost 1.0360 US dollars and one dollar was available for 0.9653 euros.