The DAX moved up into the green zone after a modestly friendly start to the day. By about 12:30 p.m. local time the index was calculated at roughly 25,085 points, a gain of 0.4 percent compared with the close the day before. At the top of the intra‑day list were Siemens Energy, Commerzbank and Siemens, while Beiersdorf, Fresenius and Volkswagen were near the bottom.
“Investors in Frankfurt are still in an exploratory phase, using the quiet period to position themselves” said Andreas Lipkow, chief market analyst at CMC Markets. He noted that the main drivers today will be the corporate earnings of Fresenius, Heidelberg Materials and E.ON. “Data on the German economic outlook and the GfK consumer climate index were only acknowledged” he added.
Lipkow also observed that investors remain cautious but are again turning to AI‑related shares that had been on sell‑lists a few days earlier. “Siemens Energy and Siemens are thus topping the DAX winners list. On the losers’ side, Fresenius and Heidelberg Materials slipped after their quarterly figures fell just within expectations, which is not enough to spur further buying”.
He stressed that in recent trading days too many issues have crowded investors, fuelling uncertainty. “The list of potential risks has not shrunk. In particular, the question of punitive tariffs remains a significant uncertainty, and the geopolitical tension between the United States and Iran still looms high”. In that context, the DAX’s ability to stay above the 25,000‑point threshold is noteworthy.
The euro slipped slightly toward mid‑day. One euro was worth 1.1772 U.S. dollars, while one U.S. dollar traded at 0.8495 euros.
Meanwhile, oil prices climbed. At about 12:00 p.m. German time, a barrel of North Sea Brent fetched US $71.07-up 30 cents or 0.4 percent from the previous day’s close.