Thursday in Frankfurt: 10 Key Facts about the Stock Market – US Inflation Data Brings Excitement

Thursday in Frankfurt: 10 Key Facts about the Stock Market – US Inflation Data Brings Excitement

  • DAX Opens Higher The DAX is expected to open higher, making another attempt at the 18,500-point mark. The highlight of the trading day on Thursday will undoubtedly be the release of new US inflation data for June at 2:30 PM Central European Summer Time.

  • Significant Gains in Asian Markets In Tokyo, the Nikkei 225 index rose by 1.03% to 42,264.87 points at times. On the Chinese mainland, the Shanghai Composite increased by 0.77% to 2,961.99 units. Meanwhile, the Hang Seng in Hong Kong climbed by 1.54% to 17,740.44 points.

  • Strike Days Affecting Fraport: Minimal Passenger Growth in June Fraport, the airport operator, reported a 1.4% increase in passenger numbers, reaching 5.6 million in June.

  • BASF Halts Additional Operations – 300 Jobs Affected BASF announced in Ludwigshafen that it would cease the production of the active ingredient Glufosinate-Ammonium (GA) at its Knapsack and Frankfurt locations by the end of the year.

  • Guirassy’s Transfer to Borussia Dortmund in Jeopardy Due to Medical Issues “During a medical examination of Serhou Guirassy, an injury was found that requires further evaluation,” Borussia Dortmund announced.

  • VW to Close Future Lab in Potsdam: Union Criticizes Move Volkswagen plans to close its Design Center in Potsdam.

  • Gerresheimer Confirms Annual Forecast – Slight Revenue Increase Gerresheimer reported a slight increase in revenue and operating profit for the second quarter, though net earnings were marginally lower compared to the previous year.

  • Südzucker Reports Significant Profit Decline Südzucker experienced a notable drop in profits during the first quarter of the fiscal year.

  • Oil Prices Rise Oil prices showed a significant upward trend on Thursday morning. Brent crude oil increased by 0.81% to $85.77 per barrel, while WTI crude rose by 0.82% to $82.77 per barrel.

  • Euro Slightly Stronger The Euro saw a slight increase on Thursday morning, trading at $1.0836, a bit higher than the previous evening. The common currency continues to move away from the $1.08 mark.