FX.co ★ DAX Sees Little Movement

Germany's DAX index remained relatively stable around 24,210 on Friday afternoon as traders evaluated new economic data and corporate earnings from both the US and Europe. The US inflation report brought little unexpected news, with weaker price trends bolstering expectations for a Federal Reserve rate cut next week. In Europe, preliminary PMI data indicated that Eurozone private sector activity increased at its highest rate since mid-2023 in October, largely driven by robust growth in Germany's services sector. Market participants are now eagerly watching the forthcoming meeting between President Trump and Xi Jinping, anticipated to offer more clarity regarding trade relations. Among individual stocks, Siemens Energy led the gainers with a 2.7% increase, followed by Heidelberg Materials up by 2.5%, Continental by 1.4%, Infineon Technologies by 1.2%, and Symrise also by 1.2%. Conversely, SAP recorded a 1.6% decline, while MTU Aero Engines and Beiersdorf both fell by 1.4%. For the week, the index was poised to achieve a gain of approximately 1.6%.