At the end of a week of recovery for investors, the German stock market showed its friendly side again on Friday. In the afternoon, the Dax was up 0.55 percent at 15,607.65 points. The waves of recent banking turbulence and interest rate uncertainty had already calmed down in the past few days. Before the weekend, unexpectedly good inflation data from the euro zone and the USA pushed the desire for equities further.
At the end of a week of recovery for investors, the German stock market showed its friendly side again on Friday. In the afternoon, the Dax was up 0.55 percent at 15,607.65 points. The waves of recent banking turbulence and interest rate uncertainty had already calmed down in the past few days. Before the weekend, unexpectedly good inflation data from the euro zone and the USA pushed the desire for equities further.
Investors also continued to access the back rows of stock exchanges before the weekend. The MDax of medium-sized stocks rose 0.60 percent to 27,623.69 points. The Eurozone leading index EuroStoxx 50 climbed by 0.47 percent to 4305.50 points.
The euro weakened a bit and was trading at $1.0888 in the afternoon. The European Central Bank (ECB) set the reference rate at $1.0886 on Thursday afternoon. The dollar had thus cost 0.9186 euros.
German Bund prices fell on Friday. The current yield rose from 2.33 percent on the previous day to 2.39 percent. The Rex pension index fell by 0.16 percent to 125.79 points. The Bund future was almost unchanged at 135.39 points, up 0.01 percent.
Source: Stern
