The German stock market benchmark, the DAX, experienced a slight decline to conclude the trading week. At the close of Xetra trading, the index registered at 23,639 points, representing a decrease of 0.2 percent compared to the previous day’s closing value.
Sartorius, Brenntag and Airbus led the performance list shortly before the market’s end, while Zalando, Symrise and Continental concluded the session at the lower end of the rankings.
According to market expert Andreas Lipkow, the DAX was pressured downwards to a level of 23,615 points as market participants settled futures contracts on the Eurex exchange. He noted that a settlement level within the 23,600 to 23,700 point range had been anticipated.
The Euro also weakened during Friday afternoon trading, exchanging at $1.1743, or €0.8516 per US dollar.
Meanwhile, oil prices saw a notable drop. Brent crude, a benchmark grade, was trading at $66.75 per barrel around 5:00 PM local time, a decline of $0.69 or 1.0 percent compared to the previous trading day’s final price.
