The German DAX index reversed course during Friday morning, shifting from an initially positive start into negative territory. By shortly after 12:30 PM, the index stood at 23,640 points, a decrease of 0.3 percent compared to the previous day’s closing value.
Market analysts attribute the shift to concerns surrounding the US economy. Alexander Krüger of Hauck Aufhäuser Lampe noted that the US remains “central” to upcoming developments, citing rising inflation and a noticeable slowdown in the labor market. Krüger anticipates a series of interest rate reductions by the US Federal Reserve by March 2026.
Furthermore, he highlighted the strained fiscal situations worldwide as presenting “significant risks” for financial markets.
The Euro weakened slightly against the US dollar on Friday afternoon, trading at 1.1730 US dollars per Euro, or 0.8525 Euros per dollar.
Gold prices benefited from the prevailing uncertainty, remaining at record levels. In the afternoon, a fine ounce was trading for 3,651 US dollars (+0.5 percent), equivalent to 100.06 Euros per gram.