Overview
- Germany’s DAX hovered near unchanged at the open around 24,830 to 24,894 points after a 1.2% rebound the prior day on President Trump’s pullback from threatened Greenland-related tariffs.
- U.S. stocks extended gains Thursday, with the Dow up 0.6%, the S&P 500 about 0.5% higher, and tech benchmarks firmer as geopolitical worries eased alongside supportive economic data.
- BASF reported roughly €1.6 billion in net profit for 2025 while revenue slipped to €59.7 billion, underscoring ongoing strain in Germany’s chemical industry from weak demand and high energy costs.
- Intel posted quarterly revenue of $13.7 billion and a net loss of $591 million, and its outlook disappointed investors due to raw material supply bottlenecks limiting server-chip shipments.
- Defense names drew interest ahead of the Czechoslovak Group IPO in Amsterdam and talk of Ukraine negotiations, while gold’s rally continued toward the 5,000 mark on safe-haven and momentum buying.