The DAX exhibited a mixed performance on Friday as investors responded to corporate earnings announcements and data indicating a significant expansion in German services sector activity for the month of October. Market participants are closely monitoring the advancements in trade negotiations. The benchmark DAX, having initially dipped into negative territory following a promising start, subsequently rebounded and recorded an increase of 2.90 points, reaching 24,221.99.

MTU Aero Engines and Beiersdorf have experienced declines of nearly 1%, whereas Fresenius, RWE, and Henkel are also facing slight losses. Data indicated that the HCOB Flash Germany Composite PMI rose to 53.8 in October, up from 52 in September. This reflects the most robust growth in private sector activity since May 2023, primarily driven by a significant uptick in services business activity. Where as –

• Heidelberg Materials is experiencing an increase of 2.2%.
• Siemens Energy is up by 2.1%. Continental has increased by 1.8%.
• Commerzbank, Deutsche Börse, and Siemens have risen by 1% to 1.2%.
• Vonovia, E.ON, and SAP have experienced declines of 1.5%, 1.3%, and 1.2%.

The Services PMI rose to a two-and-a-half year peak of 54.5, an increase from 51.5 the previous month. The Manufacturing PMI experienced a modest increase, rising to 49.6 from the previous 49.5%. In October, Eurozone business activity growth reached a 17-month peak, as evidenced by the Composite PMI increasing to 52.2 from 51.2, primarily propelled by the services sector.