DAX closes higher as flash PMI supports eurozone resilience

The DAX 40 closed about 0.6% firmer at 26,128.6 on Friday, halting a four-session losing streak, amid gains across most sectors, while positive economic data also contributed.

Flash PMI data showed eurozone manufacturing activity grew at its fastest pace in more than four years in August, led by Germany and underscoring the region’s resilience to the Middle East conflict.

Meanwhile, enthusiasm remained tempered by elevated oil prices and persistently high bond yields, alongside geopolitical uncertainty.

Consumer discretionary stocks advanced firmly, led by automakers, retailers and sportswear companies.

Technology stocks also performed well, while pharmaceutical, healthcare and utility stocks lagged.

For the week, the index shed around 1.2%.