The DAX Index Opens 0.40% Higher

Frankfurt's DAX 40 edged up 0.4% to around 25,460 on Friday, after two consecutive sessions of losses, despite ongoing concerns over inflation, the prospect of further rate hikes and geopolitical tensions. A modest decline in oil prices provided some relief for energy-intensive industrials, despite prices remaining elevated. Aerospace & defense stocks, insurers, and tech stocks also advanced solidly, offsetting weakness in software, autos, and chemicals. Siemens Energy led gains among stocks, rising 1.8%, followed by GEA Group, Airbus, Siemens, Munchener Ruck and MTU Aero Engines, each adding over 1%. On the flip side, BASF (-2.2%), SAP (-1.8%) and Brenntag (-1.5%) posted the biggest losses. For the week, however, the index was on track to fall more than 2%, marking its steepest weekly decline since April.

The DAX Index is picking up 101 points or 0.40 percent on Friday. Gains are led by Siemens Energy (1.72%), Airbus (1.46%) and Siemens (1.38%). Biggest losers are BASF (-2.02%), SAP (-1.50%) and Brenntag (-1.27%).

The DAX Index fell 215 points or 0.84 percent on Thursday to close at 25361 points. Leading the losses are Siemens Energy (-2.98%), Zalando (-2.75%) and Vonovia (-2.73%). Top gainers were Deutsche Boerse (2.19%), Hannover Rueck (1.55%) and Continental (1.46%).