On Friday morning the DAX opened cautiously. At about 9:30 a.m. the index was quoted at roughly 24,828 points, a 0.1 % drop from the previous day’s close. MTU and Scout 24 were the best‑performing stocks, while the top of the list was dominated by Siemens shares.
“Fundamentally, the DAX today is being weighed by the U.S. consumer‑price data that will be released in the afternoon” said Andreas Lipkow, chief market analyst at CMC Markets. “Alongside fears of a softening U.S. economy, investors are scrutinising the inflation figures very closely. The United States has recently confirmed that inflationary pressures remain above the 2 % target zone, narrowing the Fed’s room for rate cuts and potentially triggering another consumption slowdown” he added.
Lipkow pointed out that the weak labour‑market data and falling existing‑home‑sales figures released yesterday suggest an observable cooling in the U.S. economy. “Housing‐market numbers have even reached a multi‑year low, and worries about the disruptive influence of artificial intelligence in the software sector-and more recently in finance-have pressured several financial and banking stocks” he noted. While selling pressure from Wall Street has been only partially transmitted to Asian markets, equities in China and Japan also fell under selling pressure, closing lower.
The euro was slightly softer on Friday morning. One euro traded at 1.1859 U.S. dollars, which means one U.S. dollar was worth about 0.8432 euros.
Brent crude prices slipped modestly. At around 9 a.m. German time, a barrel of North Sea Brent fetched $67.47-five cents (0.1 %) less than the previous closing price.