The X‑DAX futures indicator showed the German benchmark down 0.5% at 25,296 points an hour before the market opened, suggesting the DAX could extend Thursday’s losses and test the 100‑day moving‑average line.
Oil prices added pressure to markets, with Brent crude trading above $100 a barrel. The rise in crude prices is influencing inflation and interest‑rate expectations, while bond yields have been climbing.
In the United States, the Nasdaq‑100 failed to confirm its recent record, retreating from the June peak. Attention is also on the upcoming meeting between President Trump and Chinese President Xi, as US Treasury Secretary Scott Bessent announced a two‑month extension of the additional tariffs on Chinese imports.
On the equity side, French‑based Schneider Electric renewed its offer for Bulgarian smart‑device maker Shelly Group, proposing €70 per share. In pre‑market trading on Tradegate, Shelly shares quoted at €69.90, 8.5% above Wednesday’s Xetra close.
German engine manufacturer MTU saw its shares rise nearly 3% on Tradegate after Citigroup lifted its recommendation to buy, citing a material cash‑conversion discount to rival Safran and an expected improvement in cash flow by 2030.
