The Dax missed another jump above 17,000 points on Friday. After approaching this hurdle to within a few points, investors again balked. Guidance from Wall Street was mixed and therefore did not provide any bullish impetus.
Dax closes at just under 17,000
The main German index closed the session with a loss of 0.22 percent, up to 16,926.50 points, that is, it remained stable throughout the week. The MDax of the 50 medium-sized stocks also fell by 0.22 percent to 25,728.84 points on Friday.
Moderate losses were also reported across Europe, including in Paris and London. The eurozone's leading index, EuroStoxx 50, temporarily reached its highest level since 2001 and eventually closed the day with a gain of 0.11 percent at 4,715.87 points. In the US, the Dow Jones Industrial recently fell slightly, while the S&P 500 and Nasdaq rose.
Siemens, which occupies last place on the DAX, lost 2.5 percent. The stock was affected by profit-taking after reaching an all-time high in the quarterly balance the previous day.
Losses for Beiersdorf
Beiersdorf shares were hit by disappointing figures from cosmetics group L'Oréal and fell 1.4 percent. The energy industry was overshadowed by a profit warning from Austrian power company Verbund. RWE fell 1.5 percent and Eon lost 0.5 percent.
At the top of the DAX, Infineon stock continued its recovery from the previous day with an increase of 1.5 percent. Overall, the environment for semiconductor stocks on both sides of the Atlantic remains bright, with stocks such as Siltronic, Aixtron, PVA Tepla and Süss Microtec making significant gains in the lower ranks of the stock market.
Current German bond yields are rising
In the foreign exchange market, the euro last traded at $1.0781. The European Central Bank set the reference exchange rate at 1.0772 (Thursday: 1.0758) US dollars. Therefore, the dollar costs 0.9283 (0.9295) euros.
In the bond market, the current yield on German federal bonds rose from 2.32 percent the day before to 2.37 percent. The Rex bond index fell 0.27 percent to 125.35 points. The Bund future fell 0.05 percent to 133.31 points.