DAX Falls on Friday
Frankfurt’s DAX 40 fell about 0.4% to around 25,600 on Friday, retreating after two consecutive sessions of gains and broadly tracking its regional peers. Caution returned to European markets following a week packed with central-bank decisions, while traders eyed diplomatic developments surrounding the war in the Middle East. Markets are now looking ahead to next week’s planned meeting between US President Donald Trump and Gulf-state leaders on the sidelines of the United Nations General Assembly. Meanwhile, oil prices continued to decline for the third day. Most sectors traded lower, with telecoms, autos and insurers among the biggest decliners, while technology stocks outperformed. Infineon Technologies surged more than 3%, while AI-linked shares Siemens Energy and Hochtief also posted solid gains, following a bullish outlook from Nvidia’s CEO, who predicted the company would sell twice as many chips over the coming year.
4% to around 25,600 on Friday, retreating after two consecutive sessions of gains and broadly tracking its regional peers. Caution returned to European markets following a week packed with central-bank decisions, while traders eyed diplomatic developments surrounding the war in the Middle East. Markets are now looking ahead to next week’s planned meeting between US President Donald Trump and Gulf-state leaders on the sidelines of the United Nations General Assembly. Meanwhile, oil prices continued to decline for the third day.
Most sectors traded lower, with telecoms, autos and insurers among the biggest decliners, while technology stocks outperformed. Infineon Technologies surged more than 3%, while AI-linked shares Siemens Energy and Hochtief also posted solid gains, following a bullish outlook from Nvidia’s CEO, who predicted the company would sell twice as many chips over the coming year.