The German stock market benchmark, the DAX, continued its downward trend throughout Friday morning, following a weak start to the trading day. By approximately 12:30 PM, the index was calculated at around 24,190 points, representing a decrease of 1.1 percent compared to the previous day’s closing level.
Market analyst Andreas Lipkow attributed the market’s hesitation to what he described as a sense of unease stemming from recent unconventional diplomatic actions by the United States. He suggested that the approach taken in trade matters is creating uncertainty regarding potential negotiations with the EU.
The approaching weekend is visibly increasing market nervousness as participants seek to avoid a negative position when trading resumes on Monday. While utility stocks Eon and RWE are currently maintaining gains, cyclical value stocks are experiencing selling pressure.
Lipkow cautioned that the apparent apathy of recent trading days could quickly lead to more significant downward price movements within the DAX 40. He emphasized a lack of concrete information and a wide range of potential surprises as underlying factors driving market volatility.
The European currency weakened slightly on Friday afternoon, with the Euro trading at $1.1694, or $0.8551 per Euro.
