On the final trading day of the week, the Dax experienced growth. By the end of Xetra trading, the index was calculated at 23,767.43 points, representing a 0.30% increase compared to the previous day’s closing.
At the top of the stock list were shares of Rheinmetall, Vonovia and Deutsche Börse, which were trading over a percentage point higher. On the other hand, Eon, Basf and Porsche stocks were at the bottom of the list, experiencing losses of over two percent.
Market observers state that the overall sentiment of investors remains positive, as the U.S. Government’s willingness to compromise in the trade dispute has also raised hopes for a more lenient approach in other issues, countering the fear of protectionism.
The European common currency, the Euro, was weaker on Friday afternoon, with one Euro costing 1.1144 US dollars and one US dollar equivalent to 0.8973 Euros.
The gold price experienced a significant decline, with a fine ounce trading at 3,180 US dollars (-1.8%), which equates to a price of 91.76 Euros per gram.
In contrast, the oil price saw an increase, with a barrel of Brent crude trading at approximately 65.11 US dollars at 5:17 PM German time on Friday, representing a 58 cent or 0.9% increase compared to the previous trading day’s close.