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21.08.202508:05:40UTC+00DAX Little Changed

On Thursday, the Frankfurt DAX index remained steady around 24,290 as investors directed their attention towards crucial PMI data and geared up for the forthcoming Jackson Hole Symposium. In August, Germany's private sector activities experienced a slight uptick compared to the previous month, primarily driven by better-than-anticipated performance in manufacturing. In the corporate realm, defense stocks rebounded after a drop caused by renewed hopes for peace in Ukraine. Rheinmetall and Renk both climbed by over 3%, while Hensoldt rose by 2.6%. Among other prominent gainers were Siemens Energy, Deutsche Bank, Commerzbank, MTU Aero Engines, and Airbus.

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