FX.co ★ DAX on Cautious Note

The DAX 40 index hovered around 24,860 on Friday, following a notable recovery the previous day after President Trump hinted at a more diplomatic approach regarding Greenland. Investor sentiment remained cautious due to persistent geopolitical tensions and strategic decisions by the US government, with renewed momentum in the negotiations aimed at resolving the Ukraine conflict. In parallel, market participants evaluated the latest economic indicators, such as PMI reports and corporate earnings figures. In Germany, both the manufacturing and services PMI indices exceeded expectations in January, indicating a boost in private-sector activities. Among the top performers were defense industry companies like Hensoldt, up 2.8%, Renk, rising 1.7%, and Rheinmetall, advancing 1.3%. Other notable gainers included Siemens Energy, up 2.2%, SAP, increasing 1.9%, and Bayer, gaining 1.5%. Conversely, BASF saw a 1.8% decline after reporting preliminary earnings that fell short of its own forecasts and market expectations. For the week, the index was projected to register a decrease of approximately 1.7%.