Dax closes trading barely changed after record

The Dax ended Friday 0.03 percent lower at 18,906.92 points. It thus recorded a weekly increase of 1.5 percent. With a monthly increase of 1.8 percent, the panic-like price collapse at the beginning of August was more than offset. The Dax has gained around 2,000 points since then. The MDax ended Friday trading in positive territory. It closed 0.76 percent higher at 25,703.44 points.

Price data from the US published on Friday maintained expectations that the US Federal Reserve would soon follow the European Central Bank's lead in cutting interest rates. But in the eurozone, too, a clearer rejection of inflation confirmed investors' belief in new easing measures.

Vonovia shares were in demand

Vonovia shares, which rose 1.7 percent in the DAX, were particularly popular, along with the European real estate sector. The driver here was once again the prospect of falling interest rates, which is giving hope for better business and rising market prices, especially in the real estate sector.

Vonovia shares were only beaten by Siemens Energy, the best DAX stock so far this year. The price had more than doubled in 2024 and there had been two days at the beginning of the week with a tendency for profit-taking. Since then, however, the energy technology group's share price has been trending upwards again. It has now reached its highest level since the first day of trading in August.

In New York, the Nasdaq 100 is moving up

The Eurozone's leading index, the EuroStoxx 50, slipped moderately into the red at 4,957.98 points. Outside the Eurozone, the Swiss SMI rose slightly, while the London FTSE 100 closed just below the red. In New York, the technology-heavy Nasdaq 100 is moving up, while the Dow Jones Industrial fell slightly there.

The euro fell to 1.1059 US dollars. The European Central Bank had previously set the reference rate slightly higher at 1.1087 (Thursday: 1.1088) US dollars.

On the market for German government bonds, the yield on outstanding bonds rose from 2.24 percent the day before to 2.25 percent. The Rex bond index is up 0.10 percent at 126.43 points. The Bund future fell by 0.16 percent to 133.72 points.