The DAX finished the week on a positive note. At the close of Xetra trading, the index was calculated at 25,261 points, up 0.9 percent compared with the previous day’s close. After a steady start, the DAX stayed firmly in the green, and later in the afternoon it was able to extend its gains.
The index received a boost from a U.S. Supreme Court decision to largely reverse President Donald Trump’s tariffs. The court ruled, with a 6‑to‑3 majority, that the president had exceeded his powers with this tariff policy. However, for its wide‑ranging duties he needs clear approval from Congress. The implications of the ruling for the United States’ medium‑term trade policy remain unclear, as the Republican Party – Trump’s own party – currently holds the majority in both houses of Congress.
Just before market close, shares of Adidas, Porsche, and Siemens topped the Frankfurt price list, while Bayer stocks were at the bottom.
Meanwhile, gas prices fell: a gigawatt‑hour of gas for March delivery cost €32, six percent lower than the day before. That translates into a consumer price of at least roughly 8 to 10 euro‑cents per kilowatt‑hour, including ancillary costs and taxes, if the price level stays as it is.
Oil prices also dipped: a barrel of North Sea Brent traded at $71.25 on Friday afternoon around 5 p.m. German time, down 41 cents or 0.6 percent from the close of the previous trading day.
The euro was slightly stronger on Friday: one euro was worth $1.1776, while one U.S. dollar could be exchanged for €0.8492.