Boosted by US economic data, the DAX ironed out its previous day’s losses on Friday and ended the second trading week of the new year on a positive note. The Dax ended the day up 0.95 percent to 16,704.56 points. On a weekly basis, this means a gain of 0.7 percent.
The MDax of medium-sized stocks rose by 0.87 percent to 26,296.91 points this Friday. The mood across Europe was also friendly, while the most important US indices were close to their previous closing levels.
In the early afternoon, the focus was on the quarterly balance sheets of large US banks, especially those of JPMorgan. Overall, the numbers left mixed impressions. After initially strong price fluctuations, Deutsche Bank shares closed 1.2 percent lower, while Commerzbank shares ended trading almost unchanged.
Despite tense supply chains, the aircraft manufacturer Airbus delivered significantly more commercial aircraft last year than its troubled US competitor Boeing. This drove Airbus shares to a record high of 3.6 percent to just over 149 euros.
The securities of the sports and off-road vehicle manufacturer Porsche AG, on the other hand, continued their downward trend and reached a record low of 74.80 euros. Although slightly more vehicles were sold in 2023 and sales grew in almost all regions of the world, they collapsed in the most important car market, China.
The military strike by the USA and Great Britain against the Houthi rebels in Yemen caused prices in the arms sector to rise. Rheinmetall reached a record high of just over 316 euros and closed slightly below that at a plus of 2.5 percent. In the MDax, Hensoldt increased by 5.2 percent. In the small cap index SDax, however, Südzucker’s shares fell by 6.2 percent after a negative study by Warburg Research.
Overall, the mood on the European stock exchanges was just as friendly as in the Dax. The Eurozone leading index EuroStoxx 50 rose by 0.85 percent to 4,480.02 points. Profits were also recorded on the national stock exchanges in Paris and London. In the USA, the Dow Jones Industrial recently fell by 0.5 percent, the technology-heavy Nasdaq 100 lost 0.2 percent.
The euro cost $1.0954 in the early evening. The European Central Bank set the reference rate at 1.0942 (Thursday: 1.0987) dollars. The dollar therefore cost 0.9139 (0.9101) euros. On the bond market, the current yield fell from 2.21 percent the day before to 2.18 percent. The Rex bond index rose by 0.11 percent to 126.27 points. The Bund future lost 0.02 percent to 135.72 points.
