FRANKFURT (dpa-AFX) – The German stock market was relatively sluggish at the opening on Friday. In the first few minutes of trading, the DAX fell by 0.2 percent to 24,002 points. This indicates a weekly loss of around one and a half percent for the leading index.
In contrast, the MDAX index of medium-sized companies rose by 0.3 percent to 30,441 points on Friday morning. The EuroStoxx 50, the leading index for the eurozone, fell by 0.2 percent.
Most recently, the DAX struggled to defend its 50-day line, which is currently trending sideways as a barometer for the medium-term trend. At the same time, however, the record high of 24,639 points set in mid-July remains within sight. The market lacks a clear trend. Geopolitical uncertainties with regard to the war in Ukraine and US tariff policy are weighing on the market, while the booming topic of artificial intelligence has recently lost momentum./edh/mis
