DAX Gains 0.3% After Soft US Inflation, Markets Stay Calm Over Fed Policy Outlook.
Economy / Finance

DAX Gains 0.3% After Soft US Inflation, Markets Stay Calm Over Fed Policy Outlook.

The DAX finished the week on a higher note, closing at 24,915 points on Xetra-a gain of 0.3 percent from the previous day’s close. The strongest performers were Deutsche Börse, MTU, and GEA, while the worst were Commerzbank, RWE, and Deutsche Bank.

Market conditions eased slightly after the U.S. inflation data for January showed price increases at a slower pace than expected, according to Andreas Lipkow, chief market analyst at CMC Markets. He noted that the new figures did not reduce the Federal Reserve’s room to cut rates any further, though expecting Fed Chair Jerome Powell to adjust policy before his term ends would be premature. With markets betting on future outcomes, investors were attracted to the now somewhat cheaper U.S. stocks, particularly on Wall Street.

For the DAX, however, the necessary bullish push to reverse yesterday’s slide below the 25,200‑point threshold was again missing. The index traded within a roughly 200‑point band around its opening level, and a falling trading volume suggested no panic among investors.

On the equity side, there were isolated buying interests in Deutsche Börse, GEA, and MTU, and SAP-a heavyweight stock-also drew attention. Conversely, the winner stocks from earlier sessions-Siemens, Commerzbank, and Siemens Energy-suffered from profit‑taking and were less sought after.

On Friday afternoon, the euro weakened slightly: one euro equaled 1.1858 U.S. dollars, meaning one U.S. dollar traded for 0.8433 euros.