The Dax opened negative on Friday. At around 9:35 a.m., the leading index was calculated at around 26,680 points, standing 0.3 percent below the closing level of the previous day. Eon, Gea, and Scout24 ranked at the top of the price list, while Infineon, Rheinmetall, and Siemens were at the bottom.
Little has changed regarding the fundamental AI growth story, said Andreas Lipkow, Chief Market Analyst at CMC Markets. Lipkow explained that the immediate impacts of international technology turmoil remained manageable for the Dax. According to the expert, investors are thus focusing more strongly again on economic data. The German wholesale prices published today were slightly stronger than the expected 8.7 percent, increasing by 8.8 percent.
During the rest of the day, Lipkow states that the Eurozone GDP data for the third quarter and US producer prices will be the central focus. This could bring movement. The market analyst estimates a trading range for the Dax at the end of the week between 26,600 and 26,850 points.
The European common currency was slightly stronger on Friday morning: One Euro cost 1.1067 US Dollars, and a Dollar was correspondingly available for 0.9036 Euros.
The gold price benefited, with a fine ounce being paid 3,893 US Dollars this morning (+0.4 percent). This corresponds to a price of 113.10 Euros per gram.
