As the trading week came to a close, the DAX registered another gain. At the close of Xetra trading, the index stood at 26,440 points, marking a 0.5% increase from the previous day’s closing figure. This gain also holds true for the weekly perspective.
Market analyst Andreas Lipkow of CMC Markets noted that “little happened in Frankfurt today, except for the DAX’s timid attempt in the afternoon to challenge its all-time high.” He attributed the positive performance to two factors: the optimism surrounding a potential economic recovery, and the fact that German companies are currently valued lower compared to most US counterparts. However, Lipkow pointed out that the war in Iran and the resulting high energy prices and associated fallout remain the only disruptions.
Meanwhile, developments in the United States include discussions about imposing new tariffs on drones, and the Trump administration’s agenda to achieve diplomatic isolation of Iran to force the nation into submission. Nevertheless, the stock markets are currently treating these statements with calm, instead cautiously anticipating the quarterly results from Nvidia in just over a week. The semiconductor boom continues to be the main driving force on international financial markets, serving as both a price driver and a record breaker.
Individual stock performance on Friday showed mixed results. Rheinmetall shares were particularly strong, gaining by approximately three percent just before the end of trading. Similar gains were observed in SAP and Scout24. Conversely, Eon shares were pushed down, losing over four percent in the afternoon. Merck and Vonovia followed with declines of around two percent.
Finally, the European common currency strengthened on Friday afternoon; the Euro traded at $1.1584, while the Dollar was available for 0.8633 Euros.
