After its previous strong day, the Dax fell again on Friday. As is currently seen with US tech stocks, local investors are also reaping their recent gains. The picture characterizes the political and monetary uncertainty.
The leading Dax index entered the weekend down 0.50 percent to 18,163.52 points. This means that it remains well above the round mark of 18,000 points, from which it temporarily fell a week ago and earlier this week. Dax’s weekly increase is 0.9 percent.
The MDax lost 1.63 percent in the last trading day of the week
The MDax of mid-cap companies lost 1.63 percent to 25,296.18 points in the last trading day of the week. The SDax small-cap index, which celebrates its 25th anniversary this Friday, fell 0.86 percent to 14,473.71.
“This week’s supposedly increased risk appetite has more technical reasons than fundamental improvements,” said Pierre Veiret, an analyst at broker Activtrades. For example, there were purchases by speculators who were betting on falling prices. He believes that the possibility of instability in stock exchanges will remain until investors have more clarity about the future political situation. In France.
The leading EuroStoxx 50 index of the Eurozone decreased by 0.82 percent at the end of the week, reaching 4907.30 points. The leading stock exchanges of Paris and London also closed weaker, and the New York stock exchanges also ran out of steam. At the European stock market close, the US flagship Dow Jones Industrial Average and the tech-heavy Nasdaq 100 were hovering around the previous day’s close.
Thyssenkrupp and Salzgitter each lost more than five percent
Technology weakness in the US has also weighed on tech stocks here. the shares of Infineon and industry supplier Xtron decreased by three and 2.7 percent, respectively. There was also a bad mood in the steel sector. Thyssenkrupp and: Salzgitter recorded a loss of more than five percent each.
The euro fell below $1.07 on Friday after eurozone corporate sentiment worsened significantly in June. After the market closed, the common currency was trading at $1.0687. It european The Central Bank (ECB) set the base exchange rate at 1.0688 (Thursday: 1.0719) USD. Thus, the dollar was worth 0.9356 (0.9329) euros.
The current yield in the bond market decreased to 2.42 percent from the previous day’s 2.48 percent. The Rex bond index increased by 0.27 percent, reaching 125.21 points. Bund futures rose 0.10 percent to 132.53.
