German equity markets maintained positive momentum mid-day Thursday, building on earlier gains. The DAX index reached approximately 24,275 points around 12:30 PM local time, representing a 0.4 percent increase from the previous day’s closing level. Leading performers included Vonovia, Rheinmetall and Airbus, while RWE, Brenntag and Eon lagged behind.
Market analysts noted a measured response to recent economic data released from the Eurozone. Figures concerning industrial production and overall GDP came in slightly below expectations.
Attention remains heavily focused on the scheduled meeting between Donald Trump and Vladimir Putin, overshadowing other economic factors. Despite this, market sentiment remains stable, reflected in the relatively balanced distribution of gainers and losers among the DAX-40 constituents.
The Euro saw a slight weakening during midday trading, reaching 1.1687 US dollars. Conversely, one US dollar was valued at 0.8557 Euros.
Oil prices experienced a modest increase, with Brent crude futures trading at 65.93 US dollars per barrel around midday, a 0.5 percent rise from the previous session’s close.