The DAX moved back toward yesterday’s level after a weak morning. By 12:30 p.m. German time it was trading at about 23,560 points, roughly 0.1 % below Thursday’s closing price.
“Investors remain on edge because of the latest news from the war in Iran and its impact on energy prices” said Andreas Lipkow, chief market analyst at CMC Markets. “The flight to safe‑haven assets is still ongoing and it also weighs on the euro. This further fuels inflation concerns in the eurozone, as raw materials priced in US dollars become even more expensive when the euro is weak”.
Lipkow added that German wholesale‑price figures released this week came in above expectations, foreshadowing potential consumer‑price increases. Upcoming data that will likely influence the market include US GDP, U.S. consumer spending, the PCE deflator, JOLTS employment data, and the Michigan Consumer Confidence Index.
The euro finished the afternoon weaker: 1 € = 1.1468 USD, while 1 USD = 0.8720 €.
Gold saw little change; a fine troy ounce fetched $5,096 USD, which translates to €142.86 per gram.
Brent crude fell during the same period. Around 12:00 p.m. German time a barrel of North Sea‑grade Brent was priced at $100.10 USD, a decline of 32 ¢ (or 0.3 %) from the previous day’s close.