FX.co ★ DAX Poised for Monthly Loss

On Friday, Germany's DAX hovered just below the break-even point at approximately 23,740, as investors engaged in profit-taking following four successive days of gains. Market participants directed their attention to inflation data from various European economies, seeking indications of the European Central Bank's potential future actions. Preliminary reports on Germany’s consumer price inflation for November are anticipated to be released later today. Defense stocks faced downward pressure, with Rheinmetall experiencing the largest decline, falling by 1.1%. Other notable underperformers included Daimler Truck, E.ON, and Allianz. Conversely, Deutsche Borse and Infineon Technologies were the standout performers, with increases of 1.5% and 0.8%, respectively. Despite anticipated monthly losses of just under 1%, the index was on track for a weekly gain of roughly 3%.