After a tough week before Christmas, not much happened in the Dax on Friday. The most important German stock market barometer closed with a plus of 0.11 percent at 16,706.18 points. Over the week, the leading index fell by around 0.3 percent. The MDax of medium-sized companies fell by 1.01 percent to 26,943.60 points on Friday.
Many market participants have already closed their books before Christmas. Towards the end of the year, stock market activity is likely to calm down even further. The DAX has gained 20 percent since the beginning of the year.
When it comes to individual values, the sporting goods manufacturers stood out with significant discounts on Friday following disappointing news from US competitor Nike. Adidas lost 5.3 percent in the Dax, Puma slipped by 7.2 percent in the MDax. Nike lowered its sales outlook after quarterly figures.
In the Dax, Zalando was the biggest loser with a loss of 7.4 percent, ahead of Adidas. Zalando is currently the weakest stock in the DAX even over the year with a loss of almost 36 percent.
The loss for Vitesco shares in the MDax was even greater at 9.2 percent. The automotive and industrial supplier Schaeffler wants to take over the drive specialist. Schaeffler recently increased the offer to 94 euros per Vitesco paper. Apparently that wasn’t enough for some investors.
In the SDax small cap index, investors honored Klöckner’s sales plans
The European leading index EuroStoxx closed before Christmas with minus 0.07 percent at 4521.47 points. France’s Cac 40 and Britain’s FTSE 100 also ended their trading session little changed. In London, the stock market closed in the early afternoon. In New York, the leading index Dow Jones Industrial and the technology-heavy Nasdaq 100 were moderately higher at the close of European trading.
The euro rose to its highest level since August on Friday. After the market closed, a little less than 1.1014 US dollars were paid for the common currency. The European Central Bank (ECB) set the reference rate in the afternoon at 1.0983 (Thursday: 1.0983) US dollars, meaning the dollar cost 0.9104 (0.9104) euros.
On the bond market, the current yield fell from 2.00 percent the day before to 1.99 percent. The Rex bond index fell by 0.05 percent to 128.68 points. The Bund future was most recently quoted up 0.05 percent to 137.85 points.
