The DAX finished the week higher, closing at 24,915 points by the end of Xetra trading-a gain of about 0.3 % compared with the previous day’s close. The front‑raners in the index were Deutsche Börse, MTU, and Gea, while the laggards were Commerzbank, RWE and Deutsche Bank.
“Prices in the United States that rose only slightly weaker than expected in January have once again alleviated investor nerves at market close” said Andreas Lipkow, chief market analyst at CMC Markets. “The latest inflation data does not shrink the Federal Reserve’s room for further rate cuts. However, assuming that Fed Chief Jerome Powell will turn the rate dial again before the end of his term would be premature. Since the market trades on expectations of the future, investors took advantage of the slightly cheaper shares that have appeared since yesterday, especially on Wall Street”.
Lipkow added that the DAX still lacked the positive momentum needed to extricate itself from yesterday’s decline over the 25,200‑point support level. Throughout the day the index moved within a trading range of roughly 200 points around its opening level, with trading volume decreasing-a sign of neither panic nor anger among investors.
In contrast, there was sporadic buying interest in shares such as Deutsche Börse, GEA, and MTU, and the heavyweight SAP was sought after. Shares that had performed well in recent sessions-Siemens, Commerzbank, and Siemens Energy-were hit by profit‑taking and saw less demand.
On the currency side, the euro slipped slightly on Friday afternoon, trading at 1.1858 USD per euro, while the dollar stood at 0.8433 EUR.