Dow Jones-Wenig changed the German stock market on Friday. After the meeting of the European Central Bank (ECB) the previous day, the data calendar was largely empty at the end of the week. The ECB had confirmed the key interest rates at 2 percent and explained to consider this level to be appropriate for a longer period of time. The DAX gave up 15 points to 23,698 points. The wind shares continued to be strongly downwards, and sales also predominated in auto values.
The view was aimed at the US Federal Reserve: it should reduce the key interest rates by 25 basis points next Wednesday. Economist Tiffany Wilding from the asset manager Pimco also expects this according to the series of weaker US working market data. However, this is more likely to be in the lack of new settings than in actual layoffs. “Every increase in layoffs would be extremely worrying for the FED, but the details of this report have not yet indicated broad -minded growth,” emphasized Wilding. A larger reduction step of 50 basis points should therefore only be discussed. Finally, the US inflation continues to increase by customs policy.
The University of Michigan’s consumer survey underpinned this picture in the afternoon: the inflation expectation of US consumers jumped to 3.9 percent, which usually results in reluctance for larger purchases.
There was further pressure from Europe’s wind shares. Nordex fell by 3.2 percent and Siemens Energy by 1.0 percent. Incorrectly burdened on various sides: so in Germany there is concern before the expansion pace of expanding the expansion of the expansion in renewable energies.
In the United States, Interior Minister Doug Burgum said that offshore systems led by US President Trump had no space in US stream generation. “There is no future for offshore wind under this administration,” he said according to CNBC. In addition, there is the successful market entry of Chinese companies that limits future market shares. The turbiner Ming Yang Smart Energy had found Octopus Energy in Great Britain as a customer and will provide around 6 gigawatts.
Car values recovered from more powerful losses during the day. You worry about the upcoming EU auto summit between the company managers and the EU Commission. Above all, it is about the loosening of the ban on combustion from 2035. Christophe Périllat, CEO of the French automotive supplier Valeo, even wants to banish cars from Europe. Mercedes-Benz lost 0.7 percent, BMW 0.6 percent and VW 0.8 percent.
For Siltronic, it went up by 7.1 percent. Here the strong development at the South Korean semiconductor manufacturer Hynix. The reinsurers were at the top in the Dax after analysts were positive. UBS has upgraded Hanover’s stock to “buy”, it gave 3.6 percent, Munich Re won 2.0 percent.
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Index last +/- % +/- % ytd
DAX 23,698.15 -0.0% +19.1%
DAX -Future 23,703.00 -0.3% +17.1%
XDax 23,693.96 -0.3% +19.8%
MDAX 30,175.16 +0.1% +17.8%
TECDAX 3,564.42 -0.1% +4.4%
SDAX 16,561.83 +0.2% +20.6%
last +/- ticks
BUND -FUTURE 128.53 -62
YTD – based on the final course the previous day
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DJG/Mod/Ros
(End) Dow Jones Newswires
September 12, 2025 11:50 ET (15:50 GMT)
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