23.01.202617:00:55UTC+00DAX 40 Steadies on Friday, Posts Weekly Decline

The DAX 40 saw minimal movement on Friday, ultimately closing the week with a decline of over 1% attributed to tariff-induced volatility. The index benefitted from gains in certain industrial and technological sectors, with SAP appreciating by approximately 4%. Siemens Energy and defense company Rheinmetall also saw increases of over 2%. Conversely, Adidas experienced a significant drop of more than 6%, and Zalando decreased by around 5%. Allianz registered a decline of nearly 2%, while Deutsche Bank fell approximately 1.6%. The automotive sector also saw declines, with Mercedes Benz and BMW both retreating. Investors were processing robust economic data alongside indications of reduced trade tensions between the US and Europe. According to S&P Global PMI figures, Germany's private sector activity expanded at its most rapid pace in three months during January, surpassing predictions. This growth was fueled by a stronger services sector and a resurgence in manufacturing output, driven by an increase in new orders. Business confidence also saw a sharp rise, reaching its highest mark since February 2022.