The Dax index closed the week with a loss. At the Xetra closing, the index was calculated at 19,906 points, a minus of 0.6 percent compared to the previous day’s closing. The Dax recovered its losses in the course of the day.
“Most market participants are using the bridge days after the year’s turn for an extended break” explained market analyst Andreas Lipkow. “In the time before January 20, European financial markets will continue to be in a state of anxiety. It is still completely unclear how the planned US tariffs will impact the European economy. Therefore, it does not surprise that once more the defensive sectors are in the focus at the week’s close.”
Until just before the closing, the papers of RWE and Hannover Re led the list of gainers. At the bottom of the table, the BASF shares were found.
Meanwhile, the gas price fell: one megawatt-hour of gas for delivery in February cost 49 euros, a one percent decrease from the previous day. This implies a consumer price of at least around 10 to 12 cents per kilowatt-hour, including ancillary costs and taxes, if the price level remains stable.
The oil price, on the other hand, rose: a barrel of the North Sea Brent type cost $76.30 at 5 pm German time on Friday, 37 cents or 0.5 percent more than at the close of the previous trading day.
The European common currency was stronger on Friday afternoon: one euro cost $1.0293, and a dollar was worth $0.9715 in euros.