Stocks in the DAX index experience a slight dip following an initial positive start, with the index finishing on a negative note.
The European stock market saw mixed results on Thursday, with the benchmark DAX closing slightly lower. The DAX was down 21.00 points or 0.09%, at 24,032.51.
In the automotive sector, shares of electrolysis specialist Thyssenkrupp Nucera jumped nearly 3% after being selected as the preferred supplier of 1.4 GW electrolyzers for the Mid-West Green Iron project. This significant project is expected to contribute positively to Thyssenkrupp Nucera's future growth.
Meanwhile, automotive supplier Continental is up 1.5% after announcing the sale of its ContiTech business area Original Equipment Solutions to Regent. This move is part of Continental's ongoing strategy to focus on its core automotive business.
The German market retreated and slipped into negative territory on Thursday, with notable declines in stocks such as E.ON (down by about 2.4%) and Vonovia, RWE, Siemens Energy, Deutsche Telekom, Bayer, Deutsche Boerse, Deutsche Bank, Rheinmetall, and Fresenius (down 0.6 to 1%).
On the positive side, Siemens, Brenntag, Mercedes-Benz, Beiersdorf, Daimler Truck Holding, BMW, and Sartorius are gaining 1 to 1.7%. The German market's performance mirrors the broader European market, where car registrations advanced 7.4% year-on-year in July.
Europe's new car sales rebounded in July, with car registrations in the European Union increasing by 7.4%. Battery-electric car sales rose by 39.1% year-on-year, while plug-in-hybrid electric car sales recorded a 56.9% increase. Hybrid-electric car sales in the European Union also increased by 14.3% year-on-year.
Spain reported a robust growth of 17.1% in car registrations in July, contrasting with Italy's 5.1% drop in car registrations.
The Euro Area economic sentiment indicator edged down 0.5 points to 95.2 in August, while the Euro Area consumer confidence indicator eased by 0.8 points to -15.5.
In the tech sector, Infineon Technologies is advancing nearly 1%, and Qiagen is down 2.1%. The Deutsche Telekom stock price at the beginning of August 2025 was in a downward trend, closing on September 5, 2025, at approximately €31.65. This indicates that the stock price has been relatively stable or slightly lower since the start of August 2025.
The market continues to reflect the ongoing economic recovery and shifts towards sustainable technologies, with companies like Thyssenkrupp Nucera benefiting from the growing demand for green technologies.
