In the afternoon, however, it made up for its losses. “The price level below 18,600 points is still attracting buyers for the time being,” said market observer Andreas Lipkow. In the end, the Dax was up 0.01 percent to 18,693.37 points, meaning the leading index remains within reach of its record and the 19,000 point mark. This meant that it was almost able to balance out its weekly balance.
The MDax, however, lost 0.26 percent to 27,124.24 points. On a weekly basis, the index has lost more than one percent.
Die Details
In the course of this, trading was supported by the fact that the US stock exchanges went into positive territory. Investors on Wall Street became bolder again before a long weekend. The market said that subdued inflation expectations among US consumers had strengthened hopes of interest rate cuts, which was recently seen as the most important driver of the record rally.
The shares of the dialysis provider FMC ended trading with a gain of 1.6 percent. Traders referred to study data on the diabetes drug Ozempic from Novo Nordisk, which can drastically reduce the risk of death in patients with kidney disease caused by diabetes. This means that patients are dependent on dialysis treatments for longer and FMC can therefore earn more money.
Otherwise, the news situation was thin after the end of the reporting season. Thyssenkrupp was still a topic of discussion, but the price reaction was ultimately inconspicuous with an increase of 0.3 percent. The supervisory board of the industrial group approved a 20 percent stake in the steel division by the energy company EPCG. The holding belongs to the Czech billionaire Daniel Kretinsky.
Jenoptik fell by 1.3 percent in the MDax and suffered from a negative analyst comment. DZ Bank gave up its previous buy recommendation for the technology group’s shares. The shares of Brenntag, LEG Immobilien, Nemetschek and Klöckner
After a weak start, the EuroStoxx 50 only lost 0.04 percent to 5035.41 points. In Paris, the leading Cac 40 index ended trading just slightly in the red, while the London FTSE 100 fell by 0.3 percent. In New York, the Dow Jones Industrial recently rose by 0.3 percent, while the technology-heavy Nasdaq 100 rose by around one percent.
The euro gained. In the early evening, the European common currency cost 1.0849 US dollars. The European Central Bank (ECB) had set the reference rate at 1.0840 (Thursday: 1.0854) dollars and the dollar therefore cost 0.9225 euros. On the bond market, the current yield rose from 2.62 percent the day before to 2.64 percent. The Rex bond index fell by 0.10 percent to 123.81 points. The Bund future was 0.03 percent lower at 129.96 points.