The German DAX index shifted into negative territory by midday Friday, despite an initially promising start to the trading day. The index stood at 23,640 points as of shortly after 12:30 PM, representing a 0.3 percent decrease compared to the previous day’s closing value.
Market analysts highlighted the United States as a central factor influencing future developments. Alexander Krüger of Hauck Aufhäuser Lampe noted escalating price pressures and a discernible weakening in the US labor market. Consequently, he anticipates a series of interest rate reductions by the US Federal Reserve possibly extending to March 2026. Concerns were also raised regarding strained government budgets globally, which were identified as posing “significant risks” to financial markets.
The Euro weakened slightly against the US dollar on Friday afternoon, trading at 1.1730 USD per Euro, or 0.8525 EUR per USD.
Gold prices, however, continued to benefit from current market conditions, maintaining record levels. In the afternoon, a fine ounce of gold fetched 3,651 USD (+0.5 percent), equivalent to 100.06 EUR per gram.
