Frankfurt (dpa -AfX) – The positive trend on Thursday has continued on the German stock market. The key interest rate of the European Central Bank (ECB) looked slightly positive, but was ultimately expected. The Dax screwed its record high to 24,400 points. Most recently, the German leading index won 0.36 percent to 24,365 points. The meeting of Chancellor Friedrich Merz (CDU) with US President Donald Trump in the White House is also in view in the early evening.
The ECB has lowered the key interest rates in the euro area for the eighth time since June 2024. The deposit rate, which is important for banks and savers, is reduced by 0.25 percentage points to 2.0 percent, as the central bank in Frankfurt announced. “Correct, you can say after the inflation rate in the euro area has dropped below two percent,” commented Michael Heise, chief economist at the asset manager HQ Trust. In addition, the unresolved trade dispute with the USA still has considerable economic risks.
The MDAX of the medium -sized values climbed at the highest level for three years by 0.99 percent to 31,338 points. In the annual balance he is delivering a head-to-head race with the DAX-both indices have won more than one fifth.
The SDAX of the smaller stock exchange title is also on the upper, and it was once again left behind on Thursday since 2021. For the Eurozone-Leiten-Leindex EUROSTOXX 50, it was around 0.2 percent high.
With a view to the DAX, the further course potential is now becoming scarcer, said market expert Andreas Lipkow. It takes imagination to be able to locate a acceptable opportunity risk relationship at the current price level. The Landesbank Helaba spoke of a high risk of correction.
Single titles moved on the market. Bayer attracted 5 percent. A purchase recommendation from Goldman Sachs drove. Airbus (Airbus SE), however, gave up by 2 percent. The US bank Citigroup had deleted its buying vote for the papers of the aircraft manufacturer.
Heidelberg Materials (Heidelberg Materials) jumped more clearly after her recent consolidation and won 3.8 percent in second place in the Dax behind Bayer. The titles of the building materials group are among the strongest in the DAX in 2025.
Armor values clearly won. In the MDAX, Hensoldt reached another record stand after a two -day break. Rheinmetall remained under the record with its price growth. Renk was acted with dividend discount, but would not have reached a record without this with their price gain. At a meeting of the NATO states, the defense alliance decided on the threat of Russia since the time of the Cold War.
The biotech company Formycon is allowed to market its biosimilar for the eye medication of Lucentis in Brazil. For the Formycon shares, the SDAX was 7.4 percent high ./Ajx/mis