30 AM.. This represented a gain of 0.5% compared to the previous day’s closing value.
Despite a cautious outlook regarding further monetary stimulus, the market demonstrated resilience. Analysts at Helaba noted a widespread expectation among investors that the European Central Bank’s cycle of interest rate reductions is likely over. Forecasts suggest a minimal probability of a rate adjustment before the year’s end, with expectations of a stable benchmark interest rate persisting beyond that period.
Shares of Siemens, BMW and Munich Re were among the top performers, experiencing significant gains exceeding 1%. Continental and Mercedes also featured prominently among the most sought-after securities. Conversely, Daimler Truck shares faced selling pressure, falling by over 3% at the opening bell, potentially linked to renewed concerns surrounding US trade policies.
The Euro strengthened slightly against the US Dollar, trading at $1.1676, translating to a dollar-to-Euro exchange rate of 0.8565.