
European stock markets in the red after a sharp rise in German consumer prices, while Wall Street closes mixed and the Nikkei gains.
AI-generated summary
Surprisingly strong rise in German consumer prices and movement on international markets.
Dusseldorf. The Dax was down around 0.4 percent at 25,110 points on Thursday afternoon. On Wednesday, the leading German index closed 0.8 percent lower at 25,199 points. The surprisingly strong rise in German consumer prices caused prices to fall on the stock exchanges in Europe.
On Wall Street, the most important indices closed mixed. In Japan, the Nikkei index temporarily rose by three percent on Thursday thanks to a rally in chip stocks. Micron's robust financial results fueled optimism about AI-related investments.
Also in focus on Thursday: The French government presents its draft budget for 2027. In terms of economic data, the purchasing managers' indices for industry in the euro zone and the USA are due in September and the labor market data for the euro area in August. The world's largest sportswear retailer and Adidas rival Nike presents its figures for the first quarter of 2026/27 after the US stock market closes.
Recovering crude oil exports from the Gulf region and a surprise increase in US inventories have somewhat eased supply fears in the oil market. The prices for the North Sea Brent and the US oil WTI (delivered in December) fell on Thursday by a good one and a half percent to 96.55 and 88.79 dollars per barrel respectively. In September, Brent rose by around 14 percent and WTI by more than five percent.
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France's government bonds are coming under pressure as interest rates on 10-year bonds reach almost five percent. The government is planning austerity measures of 54 billion euros, but faces political resistance and a high debt ratio of 119 percent.

The Dax was down around 0.3 percent at 25,121 points on Thursday afternoon. The market environment is being weighed down by a surprisingly strong rise in German consumer prices, while mixed indices are being recorded on Wall Street and the Nikkei in Japan is rising.
The expansion of the southern section of the Leipzig-Chemnitz railway line will cost around 600 million euros, about twice as much as originally planned. Deutsche Bahn expects construction to begin in 2032, while the northern section faces reductions due to skyrocketing costs.
In its new “Black Book”, the Taxpayers’ Association criticizes numerous cases of alleged waste of tax money in Bavaria. The focus is on drastic cost increases for major projects such as the second S-Bahn main line in Munich or the renovation of the Mainfranken Theater in Würzburg.

US President Trump announced a $200 billion investment package for South Korea that includes gas-fired power plants, nuclear power and a gas pipeline. However, Seoul disagrees and emphasizes that only the Texas project has been firmly agreed.
The new fuel discount, which is intended to reduce the cost of petrol and diesel by 16.7 cents per liter, has been in effect since midnight. According to initial data from Tankerkönig and the ADAC, fuel prices fell significantly in the morning by around 14.5 to 15.2 cents.