30 p..m. German time. At that point the index was trading around 24 500 points, roughly 0.8 % higher than the prior close.
Market analyst Andreas Lipkow said investors were again leaning on German blue‑chips just before the weekend, taking advantage of yesterday’s dip in SAP stock to add to positions. Adidas shares were also a focus for buyers after the company announced strong figures.
In contrast, gold and silver were experiencing a sharp price swing, and could still trigger significant disruptions across financial markets. Currency markets showed heightened nervousness as volatility climbed, and many correlations were now under intense stress tests. Lipkow cautioned that this could ultimately press the DAX down again, although the fundamentals for the German economy are improving, supported by December’s better‑than‑expected growth. “Today’s trading day remains exciting” he added.
On the currency front, the euro was weaker in the afternoon: one euro was priced at 1.1935 U.S. dollars, meaning one dollar was worth 0.8379 euros.
Gold fell sharply, trading at $5,119 per fine ounce – a decline of 4.9 % – which translates to about €137.90 per gram.
Brent crude also dropped: a barrel of North Sea Brent was quoted at $70.26 around 12:00 p.m. German time, down 45 cents or 0.6 % from the prior close.
