Dax Futures Live

The benchmark DAX was up 10.01 points, or 0.04%, at 23,797.04 after rising to 23,886.39 earlier in the day. German stocks are relatively quiet on Friday as investors adopt a cautious stance, responding to the latest factory orders data from the nation and anticipating the important U.S. jobs report set to be released later today.

  • Infineon Technologies, Commerzbank, and Rheinmetall have increased by 1.8 to 2%.
  • Daimler Truck Holding, Zalando, Volkswagen, and Adidas are experiencing increases of 1.1 to 1.4%.
  • Deutsche Bank, RWE, Symrise, BASF, Brenntag, Mercedes Benz, and Porsche Automobil are experiencing moderate increases.
  • E.ON experienced an increase following the announcement of its agreement to divest its Czech subsidiary Gas Distribution.
  • Beiersdorf has decreased by 1.4%.
  • Bayer, Deutsche Telekom, Henkel, Munich RE, Fresenius, and Hannover Rueck have decreased by 0.4 to 1%.

In economic news, Germany’s factory orders have decreased for the third consecutive month in July. In July, new orders experienced a decline of 2.9% month-on-month, contrary to the anticipated rise of 0.5%. The decline was notably steeper than the 0.2% drop recorded in June. Additionally, this marks the quickest decrease since January, when there was a 5.4% drop in prices. Year-over-year, factory orders experienced a decline of 3.4%, contrasting with a 1.7% increase in the prior month.