DAX edges up 0.3% as Volkswagen jumps on turnaround plan
The DAX 40 edged up 0.3% to around 26,070 on Friday, extending modest gains for a second session. Automotive led, with Volkswagen shares rising 6.3% after the board approved a major turnaround plan.
The DAX 40 edged up 0.3% to around 26,070 on Friday after a slow start, extending modest gains for a second session.
The automotive sector provided the main support, led by a 6.3% surge in Volkswagen shares following the board’s approval of a major turnaround plan.
Meanwhile, market participants continued to assess the outlook for the monetary policy, with the ECB expected to deliver a final 25 bps rate hike next week.
Middle East developments also remained in focus.