Prolonged lockdowns are being accepted by DAX, indicating a potential extension of restrictions.
In Frankfurt, the DAX experienced a decrease on Thursday, closing at 13,252.86 points, a 0.45 percent drop from the previous day. Economic uncertainty due to extended lockdowns in Europe and a strong euro impacted investors' sentiments.
Adidas saw significant gains of over two percent before the close, while MTU Aero Engines and Deutsche Bank also recorded increases of over two percent. On the other hand, Covestro, Linde, and Fresenius suffered losses, with Covestro falling by over two percent.
The European common currency strengthened, with one euro being worth 1.2151 US dollars (+0.31 percent), making one dollar equivalent to 0.8230 euros.
While the exact reasons for these stock movements are not entirely clear, the US trade policy and trade uncertainty, inflation concerns, and mixed economic indicators are potential factors contributing to the overall market jitters. Sectors like technology saw gains, while sectors such as construction and retail faced losses. German auto stocks also experienced declines due to the same trade uncertainty.
For a more detailed analysis of individual stock performances, financial news or market analysis platforms are recommended.
Other industries, such as technology, bounced back with gains, contrasting sectors like construction and retail that faced losses. Amidst this, finance businesses like Adidas, MTU Aero Engines, and Deutsche Bank registered increases, while some, like Covestro, Linde, Fresenius, and possibly others in the auto industry, suffered losses.
