Further record highs on Thursday
Investors and investors don't seem to have had enough yet. The German stock index continues to take off and celebrates new records. The closing price on Thursday was 20,655.39 points, which corresponded to a further gain of 0.39 percent.
The positive mood thus continues, which is still thanks to Wednesday's inflation data. It seems to have been something of switch for the market after the Federal Reserve seems to be reducing the speed of further rate cuts. So new hope is returning to the markets. The US markets, however, share this optimism only to a limited extent. S&P, Dow Jones and Nasdaq were each unable to end yesterday's trading days on a positive note. Although the sell-offs were not very pronounced, the indices were still down at the end of the trading day. This results in a slightly shifted picture between the US indices and the European stock markets.
Zalando and Rheinmetall win the race
Zalando with a gain of 8.6 percent and Rheinmetall with a price premium of 4.5 percent were the frontrunners in the DAX, while Siemens Energy with -3.6 percent had to give up part of its previous day's gains. Siemens Energy's shares, however, seem to be coming up against resistance and are being hit by recurring profit-taking. The positive thing about this is that there is always interest in the stock, which can keep the stock at a high level. If the stock manages to overcome the resistance, a next rally could be on the horizon.
EuroStoxx on the verge of a breakout - Semiconductor industry with positive signal
EuroStoxx is behaving similar to the DAX. The European stock index has worked its way up to its all-time high and is about to break out above it. A plus of 1.4 percent gave investors a perfect day of trading. Traders of the LVMH share were happy about a premium of 9.2 percent, Kering and Hermes rose by 6.2 percent, respectively, 4.9 percent. ASML recorded a side effect of 4.6 percent price premium after the semiconductor giant TSMC published its figures.
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