After the German stock market went up in the last three trading days, market observers are expecting little movement at the start of Thursday.
The DAX closed Wednesday trading with an increase of 1.38 percent at 24,737.24 points. On Thursday it is likely to open at around the same level: in pre-market indications, the German leading index is at times a minimum of 0.1 percent lower.
Investors react cautiously to NVIDIA’s quarterly figures – analysts enthusiastically
The AI giant NVIDIA initially impressed analysts with its quarterly results, some of whom have already raised their price targets. However, the shares fell slightly after trading, having risen by a good third since the end of March. The expectations of the so-called “buy side” were extremely high. These include market players such as asset managers, pension funds, hedge funds and asset managers.
According to Jefferies analyst Blayne Curtis, NVIDIA has delivered in every respect. However, the expert still sees certain concerns among investors, for example with regard to the business with modular data center architectures (XPU).
Investors in Asia are celebrating new hopes for an end to the Iran war
However, hopes of an early end to the Iran war and NVIDIA’s strong business figures are giving the stock markets in Asia a boost on Thursday. According to US President Donald Trump, negotiations with Iran are making progress. Additionally, three oil tankers passed through the Strait of Hormuz, causing oil prices to rebound on Wednesday. This in turn eased fears of inflation, and bond yields, which had recently risen sharply, also fell.
The region’s stock exchanges are led by the South Korean stock market. There the KOSPI temporarily rose by 7.8 percent, while the Japanese leading index Nikkei 225 temporarily rose by 3.65 percent.
DAX record last in January
The gap to record levels remains on the German stock market. On January 13th, the DAX reached an all-time high of 25,507.79 points. Ultimately, it ended trading that day at 25,420.66 points, which also set a record based on the closing price.
Carolin Ludwig, Melanie Schürmann, finanzen.net editorial team with material from dpa-AFX and Dow Jones Newswires