The Dax ended a mixed week with significant losses on Friday. Inflation figures from the US appear to have fueled interest rate concerns again after data were welcomed with relief on Thursday. The expected weak consumer climate surveyed by the University of Michigan had little impact on the market.
The leading German index closed 1.03 percent lower at 15,832.17 points, posting a weekly loss of 0.8 percent. The MDax of medium-sized listed companies ultimately lost 0.88 percent to 28,084.25 points. The Eurozone leading index EuroStoxx 50 fell by 1.4 percent.
On the company side, the agenda looked clearer after the recent flood of figures. The clearest movements were in the SDax small-cap index.
Shares in leader Varta jumped 10.8 percent. The battery manufacturer thus largely made up for the price losses of the past two weeks, which started with key data for the first half of the year and lowered company targets. Stock market traders are responsible for the recovery because investors who had previously bet on falling prices.
In contrast, Metro titles fell to the bottom of the index with minus 7.3 percent. The wholesaler performed worse than expected last quarter. The prospect of weaker business after the already sluggish first half of the year caused the Salzgitter steel group to fall by 3.9 percent.
Bechtle led the list of winners in the MDax with a plus of 6.4 percent. The IT service provider expects demand to pick up in the second half of the year thanks to a better mood among small and medium-sized enterprises. A broker also praised the profitability in the second quarter.
The euro showed little movement and most recently cost $1.0964. The European Central Bank had previously set the reference rate at $1.1004.
On the bond market, the current yield rose to 2.58 percent from 2.56 percent the previous day. The Rex pension index fell by 0.11 percent to 124.25 points. The trend-setting futures contract Bund future fell by 0.42 percent to 131.46 points.
