Stock exchange in Frankfurt: DAX hardly moves before Christmas

After an uneventful pre-Christmas week, not much happened in the Dax on Friday.

Stock exchange in Frankfurt: DAX hardly moves before Christmas

After an uneventful pre-Christmas week, not much happened in the Dax on Friday. The leading German index barely moved until midday and was most recently down 0.04 percent at 16,680.14 points. The MDax of medium-sized companies fell somewhat more significantly, falling by 0.99 percent to 26,949.88 points. High losses at heavyweight Puma, among others, weighed on this. The Eurozone leading index EuroStoxx 50 fell 0.26 percent to 4,513.14 points.

Investors in this country had already taken things rather calmly in the past few trading days. Most recently, the Dax was heading for a small minus for the past week - it would be the second week with slight losses after the rally that began in October. Since the stock market barometer reached its record of 17,003 points in mid-December and then fell back slightly, the bottom line is that hardly anything has changed. This is also because many market participants have already closed their books and gone on vacation.

When selecting stocks shortly before the end of the year, many investors in this country had their sights set on stocks that have either performed very well or very poorly so far in 2023. In the remaining individual stocks, the sporting goods manufacturers stood out with significant discounts following disappointing news from US competitor Nike. Adidas shares lost a good six percent, with a similarly high loss, Puma shares brought up the rear in the MDax.

At Nike, the fiscal quarter that ended at the end of November was unexpectedly weak. In addition, the American management had shocked the day before with its forecast for further sales development.

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