FX.co ★ DAX on Cautious Trading

On Friday, the DAX index in Frankfurt experienced cautious trading, inching up by 0.1% to approximately 23,790 as investors awaited the eagerly anticipated U.S. jobs report for August, set to be released later in the day. Indications of further weakening in the labor market seem increasingly probable, bolstering expectations for a potential Federal Reserve interest rate cut within the upcoming two weeks. Simultaneously, traders evaluated the consequences of Porsche AG’s planned departure from Germany’s DAX index on September 22, 2025. This move, driven by a 30% decline in the company’s stock since the beginning of the year and ongoing structural challenges such as U.S. tariffs and lackluster demand in China, underscores more significant vulnerabilities within the German automotive sector. Recent macroeconomic data revealed that German factory orders fell by 2.9% in July, representing their steepest monthly drop since January and indicating persistent weakness in the manufacturing industry. In terms of equities, Adidas, Rheinmetall, Zalando, Volkswagen, and Infineon were among the top performers, each advancing by approximately 1%.