The benchmark DAX experienced a decline, falling to 24,540.20 after reaching a high of 24,704.11 earlier in the session. It was down 92.52 points or 0.4% at 24,559.64. Following an initial ascent earlier in the session, German equities have entered negative territory around noon on Friday, influenced by escalating political tensions in France and growing apprehensions regarding an AI bubble.
French President Emmanuel Macron has convened a meeting of the nation’s mainstream political parties today, in anticipation of a self-imposed deadline to appoint a new prime minister. Scout24, Brenntag, GEA Group, BMW, and Hannover Rueck have experienced declines ranging from 0.4% to 1%. Where as –
- Bayer is experiencing an increase of approximately 2.7%.
- Mercedes-Benz has experienced an increase of 2%.
- MTU Aero Engines has experienced a decline of 2.8%.
- Merck and Henkel have seen rises of 1.3% and 1.25%, respectively.
Beiersdorf, Vonovia, BASF, Daimler Truck Holding, Deutsche Post, Continental, Zalando, and Symrise have experienced an increase ranging from 0.6% to 1%. Siemens Energy has experienced a decline of 2.5%, while Rheinmetall has seen a decrease of 2.4%. Heidelberg Materials is experiencing a decline of approximately 1.2%.