The Dax hardly moved from the spot on Friday. Because trading in the USA was shortened one day after Thanksgiving, there was a lack of momentum. Most investors across the Atlantic treated themselves to a long weekend.
The leading German index was able to briefly expand its high since June in the course of trading, but ultimately went out of business with a plus of 0.01 percent to 14,541.38 points. In the course of the week, this results in an increase of 0.8 percent. In addition, the Dax has now increased for the eighth week in a row, which means that its recovery gain has totaled 20 percent since then. Its year-to-date loss has melted to 8.5 percent.
The MDax of medium-sized stocks lost 0.32 percent on Friday to 25,971.45 points. In Europe, the major stock exchanges also closed quite close to their closing levels from the previous day. The EuroStoxx 50, the leading index in the euro zone, was on the spot with a plus of 0.01 percent to 3962.41 points. In the US, the Dow Jones Industrial rose moderately at the close in Europe, while the technology-heavy Nasdaq indices fell moderately.
According to market analyst Christian Henke from Broker IG, the reason for the current optimism was not least the latest bright spots from the German economy: the Ifo business climate published on Thursday was better than expected. This Friday, the Gfk consumer confidence also showed a slightly improved consumer mood, albeit at a very weak level. The German economy also grew surprisingly well in the summer.
On the company side, the RWE share was the top value in the Dax with a plus of 1.9 percent. Positive impetus came from a study by Bank of America (BofA), which attests to the reduced risks for the utility with reference to the electricity price brake in Germany.
In the SDax, on the other hand, Uniper’s shares fell by a little more than 12 percent. Since the high on Tuesday, the papers have given way almost 46 percent after the price had almost doubled within four trading days. After the announcement of another billion-dollar capital injection from the federal government, critical voices are increasing.
Outside of the Dax family, which consists of the Dax, MDax, SDax and TecDax, the Helma Eigenheimbau share fell temporarily to its lowest level since autumn 2013 after a profit warning Trade.
The euro was trading at $1.0400 early in the evening. The European Central Bank had previously set the reference rate at 1.0375 (Thursday: 1.0413) dollars. The dollar thus cost 0.9638 (0.9603) euros. On the bond market, the current yield rose from 1.84 percent the day before to 1.92 percent. The Rex pension index fell by 0.44 percent to 127.89 points. The Bund future recently lost 0.92 percent to 140.71 points.
