German stocks showed minimal movement on Friday as fresh data concerning U.S. consumer inflation led to varied assessments from analysts. Closer to home, Germany experienced a further decrease in consumer price inflation for September, aligning with initial estimates, according to figures released by Destatis earlier today.
The consumer price index in Germany witnessed an annual rise of 1.6% for September, down from a 1.9% increase in August, consistent with the preliminary data disclosed on September 30. This represents the lowest inflation rate since February 2021, when prices had experienced a 1.5% increase.
Furthermore, inflation measured by the harmonized index of consumer prices slowed to 1.8% in September, compared to 2.0% the previous month.
The DAX index showed a slight uplift, reaching 19,219 after a 0.2% dip on Thursday.
In corporate developments, the online retailer Zalando's shares climbed by 1.2%, following the company’s upward adjustment of its financial projections for 2024. Meanwhile, automobile giant Porsche AG saw its shares increase by over 1%, despite reporting weaker delivery figures for the first nine months of the 2024 fiscal year.
