The DAX saw gains of 1.3 percent on the Ascension holiday, closing at 24,455 points for Xetra trading. Infineon, SAP, and Siemens led the top performers in the index’s list. Meanwhile, the stocks of BMW, Scout24, and Eon were also noted, with BMW trading at a dividend discount.
As typical for a holiday trading day, the overall trading volume remained relatively low. However, the afternoon session received some boost from the Wall Street opening, which continued its run of record-setting highs. Investors remain attentive to the ongoing visit of U.S. President Donald Trump and any resulting geopolitical implications.
In the currency markets, the European common currency weakened during the afternoon, with the Euro priced at 1.1678 U.S. dollars, making the dollar available for 0.8563 euros. Meanwhile, oil prices dipped. At around 5 p.m. German time, a barrel of North Sea Brent crude cost $105.20, marking a decrease of 0.4 percent, or 45 cents, compared to the previous day’s close.