At the end of an eventful week, the DAX is showing nerves after a claimed start and slipping into red territory.
The DAX started Friday 0.29 percent higher at 23,801.97 points and fell more significantly over the course of the year.
DAX records at a glance
On October 9th, the DAX reached a new record high of 24,771.34 points. Ultimately, it ended that day at 24,611.25 units, which was also a new record based on the closing price.
Reporting season sets the tone
The current week was dominated by the reporting season. According to the investment bank JPMorgan, a good three-quarters of all companies in Europe and the USA have now presented business figures. Earnings growth in the USA averaged 15 percent and in Europe around 1 percent. The latter was even a positive surprise, wrote market strategist Mislav Matejka. The slight decline in sales is also less noticeable than expected.
There are still interesting figures on the agenda on Friday with the balance sheets of Daimler Truck and HENSOLDT.
New trade disputes between the USA and China?
At the end of the week, reports are making the rounds on the market that the USA and China are considering export and import restrictions of high-quality AI chips to the other country, which could potentially escalate trade disputes again.
Editorial team finanzen.net / dpa-AFX / Dow Jones Newswires