FRANKFURT (dpa-AFX) - On Thursday, the German stock market saw the DAX remain at a distance from the symbolic 25,000-point mark. Shortly after the Xetra opening, the German benchmark index was trading just in positive territory at 24,617 points. The MDAX of mid-cap stocks gained 0.19 percent to reach 31,584 points. The Eurozone's leading index, the EuroStoxx 50, rose by 0.4 percent.
Investors are approaching the day with caution, as the situation on the precious metals markets remains tense after a prolonged rally followed by a sharp correction. Jochen Stanzl, market analyst at Consorsbank, referred to the current mood as the "precious metal blues." Fears of a silver shockwave are resurfacing.
No signs of relief are visible in the tech sector either. Here, investors are increasingly questioning the high levels of investment by corporations in artificial intelligence. The latest example is Google parent company Alphabet, which has drastically ramped up its spending in the race among AI developers.
In Germany, Thursday's earnings season brings business figures from DAX-listed companies as well as those from the broader market. Later in the evening, U.S. retail giant Amazon will release its quarterly report. In the afternoon, attention will turn to the interest rate decision by the European Central Bank (ECB). Market participants expect the central bankers to keep interest rates steady once again./ajx/stk
