Dax Futures

DAX Futures are experiencing a decline on Friday, with the benchmark DAX approaching two-week lows. Investors, in light of recent interest rate decisions by major central banks and ongoing trade developments, are adopting a cautious stance and primarily engaging in conservative maneuvers.

The DAX experienced a decline of 146.98 points, representing a decrease of 0.61%, settling at 23,992.45 recently. Vonovia, Adidas, MTU Aero Engines, Siemens Healthineers, Zalando, Mercedes-Benz, Deutsche Bank, and BMW are all experiencing declines in performance. Where as –

  • Merck is experiencing an increase of approximately 1.1%.
  • Rheinmetall has increased by nearly 1%, while Siemens Energy has risen
    by 0.7%. Fresenius Medical Care and Bayer have experienced a slight increase.
  • Deutsche Telekom has experienced a decline of 1.8%, while Hannover
    Rueck has seen a decrease of 1.7%.
  • Scout24, Symrise, Deutsche Bank, Munich RE, and Allianz are all down between 1% and 1.3%.

Data indicated that Germany’s retail sales experienced a 2% increase month-over-month in September, following a revised decline of 0.5% in the preceding month. September’s reading represented the initial monthly uptick since June. In September, retail sales experienced an annual growth of 0.2%, following a downward revision of the previous month’s increase to 1.4%, marking the slowest rate of growth observed in the past 14 months.

Preliminary data indicated that consumer price inflation in the euro area decreased to 2.1% in October, a slight decline from the 2.2% recorded in September. The consumer price index experienced a month-over-month increase of 0.2% in October, succeeding a 0.1% rise in September. The annual core inflation rate in the euro area, excluding energy, food, alcohol, and tobacco prices, stood at 2.4% in October, unchanged from September.