The DAX slipped slightly at the end of the week. At the Xetra close, the index was calculated at 25,284 points, a drop of only a few points compared with the previous day’s close. After an early session that was mostly positive, the DAX turned briefly negative in the afternoon before returning to the previous day’s level.
“Trading in Frankfurt remains relatively calm” commented Andreas Lipkow, chief market analyst at CMC Markets. The underlying market dynamics still point to a continuation of the uptrend toward a 25,500 level. “However, uncertainties such as upcoming U.S. economic data and potential escalations – both in U.S. tariffs and the situation in the Middle East – keep investors cautious. Before the weekend nobody wants to jump in early only to discover the market is still too cold” Lipkow added.
Just before the close, the shares of Scout24 and Deutsche Telekom topped the Frankfurt trading list, while Commerzbank’s stocks were the weakest performers.
Gas prices fell: one megawatt hour (MWh) of gas for April delivery cost €32, one percent lower than the previous day. If the price level stays, that would translate to a consumer price of at least €0.08 to €0.10 per kilowatt hour (kWh), including fees and taxes.
Oil prices saw a strong rise: a barrel of Brent crude was priced at $72.52 on Friday at 5 p.m. German time, 2.5 percent higher than the closing price of the previous trading day.