FRANKFURT (dpa-AFX) – Solid specifications from the USA are likely to boost prices on the German stock market on Thursday. The Dow Jones Industrial in particular had gained the evening before and had come close to November’s record high.
One hour before the start of trading, the German leading index DAX was indexed half a percent higher by the X-DAX at 23,822 points. The EurozoneThe leading index EuroStoxx is also expected to be somewhat firmer.
Tailwind is also coming from Japan, where the Nikkei index rose sharply. However, even with the gains announced this morning, the Dax remains below the 24,000 point mark, which means the recent consolidation is continuing.
Comments from analysts moved prices in premarket trading. Siemens Energy rose 3 percent on trading platform Tradegate, driven by an upgrade to overweight by JPMorgan. Commerzbank gained 1.8 percent, here Goldman Sachs canceled the sell vote. A positive comment from JPMorgan sent SAP (SAP SE) shares up 1.5 percent.
The Aurubis shares, which have been doing well recently, lost 3 percent before the trading session. The copper producer recorded a decline in profits in day-to-day business in the 2024/25 financial year.
Among the smaller titles, Formycon rose by 7 percent. The manufacturer of biopharmaceuticals has entered into a partnership with the internationally positioned MS Pharma to commercialize a drug./bek/jha/