DAX Dips as Economic Data Takes Center Stage

DAX Futures

DAX exhibited limited movement on Friday morning as investors processed the latest data on retail sales and import prices, while also anticipating the forthcoming consumer price inflation report and unemployment figures scheduled for later in the day. Market activity is largely concentrated on individual stocks, with traders seemingly opting to realize some profits after recent upward movements.

The DAX experienced a decline of 9.22 points, reflecting a decrease of 0.04%, standing at 23,768.57 approximately. Deutsche Boerse shares experienced an increase of nearly 2%. The German stock exchange operator announced that it is engaged in exclusive negotiations to acquire the European fund distribution platform Allfunds Group Plc in a transaction valued at €5.3 billion in cash and stock. Where as –

  • Infineon Technologies experienced an increase of 1.3%, whereas Siemens Energy, Volkswagen, BASF, and Symrise recorded slight advancements.
  • Daimler Truck Holding experienced a decline of approximately 1.7%.
  • Hannover Rueck, Fresenius, Rheinmetall, Deutsche Post, Munich RE, Bayer, and Allianz experienced declines ranging from 0.5% to 1%.
  • In nominal terms, retail sales experienced a decline of 0.1% from September, while reflecting an increase of 2.4% compared to the same period last year.

Delivery Hero experienced a significant increase of 10%. The food delivery company is encountering significant pressure from multiple prominent shareholders to evaluate the possibility of selling the company or divesting certain segments of its operations. Data indicated that German retail sales experienced an unexpected decline in October, falling by 0.3% month-on-month, thereby negating the 0.3% increase recorded in September. Analysts had projected a monthly rise of 0.1%.

In October, retail sales experienced a year-over-year growth of 0.9%, outpacing the 0.8% rise observed in September. Germany experienced a 1.4% decline in import prices compared to the previous year, following a 1% decrease in September, according to separate data released by Destatis. Prices have exhibited a downward trend since April. The yearly decrease was primarily influenced by the 15.1% drop in energy prices. Furthermore, the prices of capital goods and consumer goods decreased by 0.5% and 1%, respectively. In October, both import and export prices experienced a month-on-month increase of 0.2%.