The DAX index continued its downward trend on Friday, remaining firmly in negative territory throughout the morning session following a weak start to trading. By 12:30 PM, the leading index was calculated at approximately 23,785 points, representing a 0.6 percent decrease from the previous day’s closing level.
The overwhelming majority of DAX-listed companies experienced losses. Rheinmetall shares distinguished themselves as one of the few exceptions, leading the list of gainers.
Market analyst Andreas Lipkow commented on the subdued trading sentiment, noting that investors remain cautious, awaiting developments regarding the trade conflict between the EU and the United States. “Furthermore, the war in Ukraine has again drawn the attention of market participants, as there have been limited diplomatic advancements in this significant global matter recently” he stated.
Trading volume in the DAX futures market remains low, suggesting a lack of panic or urgency among investors. The current market activity appears to be characterized by broad-based profit-taking rather than a significant shift in market direction.
The euro strengthened slightly against the US dollar on Friday afternoon, trading at $1.1778, with the dollar correspondingly valued at €0.8490.
Oil prices, meanwhile, declined. Brent crude, a benchmark North Sea variety, was priced at $68.11 per barrel on Friday afternoon, a decrease of 69 cents or 1.0 percent compared to the previous day’s closing price.
