The DAX remained in positive territory on Friday after a robust start to the session. By about 12:30 p.m. German time the main index was quoted at roughly 24,500 points, up 0.8 % from the previous day’s close.
Market analyst Andreas Lipkow noted that investors are again focusing on German blue‑chip names just before the weekend, taking advantage of yesterday’s weakness in SAP shares to add positions. Adidas shares also attracted buyers today after the company released strong results.
In contrast, gold and silver have experienced a sharp price swing in the upper range, potentially spurring significant turbulence across broader financial markets. Currency markets have grown nervous amid rising volatility, and many correlations are currently being stressed to extremes.
These developments could still dampen the DAX further ahead, but fundamentally the outlook for the German economy is improving, backed by better‑than‑expected growth in December. “The rest of the day remains intriguing” Lipkow added.
The euro weakened during Friday afternoon trading: one euro exchanged for 1.1935 U.S. dollars, and one dollar was therefore worth 0.8379 euros.
Gold fell sharply in the afternoon, trading at $5,119 per ounce-a drop of 4.9 %. That price equals €137.90 per gram.
Meanwhile, Brent crude fell to $70.26 per barrel around noon German time, 45 cents (0.6 %) below the previous day’s closing price.