The DAX 40 increased approximately 0.3%, trading just above the 26,000 threshold on Friday, thereby breaking a four-session decline, primarily driven by advancements in technology stocks and utilities. However, sentiment remained cautious amid elevated oil prices and bond yields, alongside persistent geopolitical uncertainty.
In August, Germany’s private sector exhibited modest expansion, driven by a robust recovery in manufacturing that compensated for a further decline in services. Chipmaker Infineon Technologies and AI-focused Hochtief and Siemens Energy emerged as leading performers, with advances of 1.8%, 1.7%, and 1%, respectively. RWE also distinguished itself, increasing by 1.9%.
In contrast, the leading decliners were Qiagen NV, MTU Aero Engines, Rheinmetall, Bayer, and Fresenius Medical Care, each experiencing declines ranging from 1% to 1.9%. The index was poised to register its inaugural weekly decline in five weeks, experiencing a loss of approximately 1.5%.