The German stock market hardly moved on Friday. In the late morning, the Dax was practically unchanged at 15,133.30 points. This indicates a weekly increase of around 0.7 percent for the Dax. The MDax of medium-sized companies increased by 0.33 percent to 28,886.56 points on Friday. The EuroStoxx 50, the leading index in the eurozone, stagnated.
In US trading, technology stocks in particular were in strong shape the night before. The Nasdaq 100 index rose 2 percent. After US trading closed, however, the semiconductor group Intel shocked investors with a slump in sales and profits in the past quarter. The share rushed after hours at times by a double-digit percentage.
United Internet shares lost 0.6 percent in Germany. The telecom group announced details of the planned IPO of the hosting subsidiary Ionos. Their rating is significantly lower than United Internet had hoped for, according to a report by the Bloomberg news agency.
Adidas shares rose 1.6 percent after the analysis house Warburg Research upgraded them from "hold" to "buy". Airbus shares were among the weakest Dax values with a price loss of 1.6 percent. Analyst firm Jefferies downgraded the shares from "buy" to "hold".