The German stock exchange experienced a subdued morning session Friday, with the DAX index trending downwards by midday. Reaching approximately 23,615 points around 12:30 PM, the benchmark index registered a decrease of 0.2 percent compared to the previous day’s closing level.
Zalando, Infineon and Deutsche Börse were among the worst-performing stocks, reflecting negative pressure on the overall index. Conversely, Airbus, Commerzbank and Continental managed to achieve gains, representing a limited number of positive performers.
Investor attention was notably drawn to a telephone conversation between US President Donald Trump and Chinese leader Xi Jinping. Discussions were anticipated to encompass the ongoing tit-for-tat import tariffs and the proposed agreement regarding the future of the Chinese video platform TikTok.
The euro weakened against the US dollar during Friday afternoon trading, fetching 1.1760 USD. This equated to a dollar being worth 0.8503 EUR.
The price of gold exhibited a positive trend, reaching $3,658 USD per fine ounce in the afternoon – a 0.4 percent increase. This translates to approximately 100.01 EUR per gram.
Meanwhile, crude oil prices experienced a decline. Brent North Sea crude traded at $66.92 per barrel around midday (German time), a reduction of 52 cents or 0.8 percent from the previous day’s closing price.