Overview
- The German benchmark slipped about 0.2% to roughly 25,132 on Thursday, pausing after it reclaimed the 25,000 threshold the day before.
- Nvidia exceeded Wall Street expectations with quarterly revenue of $68.1 billion, yet investor caution increased following remarks about possible longer-term pressure from Chinese competitors.
- Earlier AI-driven optimism was fueled by Meta’s plan to purchase AMD AI chips worth up to $60 billion and options that could lift its AMD stake to as much as 10 percent.
- German earnings updates drove mixed moves, with Allianz softer despite a record profit and a buyback plan, Munich Re lower after missing analyst forecasts, and Deutsche Telekom holding roughly steady.
- Oil prices edged higher, with Brent near $71 and WTI around $66, as traders monitored planned U.S.–Iran talks in Geneva and the risk of escalation.