The DAX held a half-friendly start on Friday, staying in the green area until lunchtime. By around 12:30 pm, the index was calculated at approximately 19,915 points, a 0.3% increase from the previous trading day. The top of the price list was taken by Commerzbank, the Porsche holding, and Brenntag, while at the end, it was Siemens Energy, Munich Re, and Hannover Re.
“The DAX is trying to establish itself above the level of 19,900 points shortly after the holiday break” said market expert Andreas Lipkow. However, the trading is thin. “On the geopolitical news front, not much has changed, and significant macroeconomic data are not expected in the near future before the end of the year” he added.
Looking towards the upcoming trading year of 2025, the potential US tariffs gained more attention from investors, according to Lipkow. As the height and the relevant industries are still unknown, investors remained cautious.
The European common currency was a bit stronger on Friday morning: one euro cost 1.0425 US dollars, and one dollar was worth 0.9592 euros.
Meanwhile, the oil price rose: a barrel of North Sea Brent was worth around 73.86 US dollars at 12 pm German time, a 60-cent or 0.8% increase from the end of the previous trading day.