The DAX Index Opens 0.31% Lower

Frankfurt’s DAX 40 fell about 0.7% to around 25,500 on Friday, retreating after two consecutive sessions of gains and broadly tracking its regional peers. Caution returned to European markets following a week packed with central-bank decisions, despite another drop in oil prices. Meanwhile, traders focused on diplomatic developments in the Middle East, with attention now turning to next week’s planned meeting between US President Trump and Gulf-state leaders on the sidelines of the United Nations General Assembly. Most sectors traded lower, with telecoms, autos and insurers among the biggest decliners, while technology stocks outperformed. Deutsche Telekom dropped over 3%, making it the top loser. Conversely, Infineon Technologies surged 3.7%, following a bullish outlook from Nvidia’s CEO, who predicted the company would sell twice as many chips over the coming year. AI-linked shares Siemens Energy and Hochtief also posted solid gains.

The DAX Index is losing 79 points. Losses were led by Deutsche Telekom (-3.46%), Zalando (-1.93%) and Mercedes-Benz AG (-1.40%). Offsetting the fall, top gainers were Infineon (3.13%), Siemens (0.66%) and Siemens Energy (0.52%).

Frankfurt’s DAX 40 closed about 0.7% firmer at 25,717 on Thursday, it highest in more than a week, marking the second straight session of gains. The continued decline in oil prices and the easing in global bond yields lifted market sentiment. The Federal Reserve’s rate hike and hawkish stance a day earlier also reassured investors of its commitment to containing inflation while defending its policy credibility. Meanwhile, President Trump threatened the EU with “very serious tariffs” or trade restrictions over Ursula von der Leyen’s proposal to allow Canada to become the bloc’s first “associate member.” Most sectors recorded gains, particularly autos, industrials, banks and utilities. Qiagen NV led the way, surging 3.8%, amid rumors of renewed private equity interest for aquisition. Siemens Energy added 3.5%. Automotive stocks also saw strong buying, with shares of Volkswagen, BMW and Mercedes-Benz rising 2.7%, 1.9% and 1.3%.