Stock market's DAX experiencing a decline.
The Frankfurt Stock Exchange concluded trading for the week on a slightly bearish note, with the DAX experiencing a decrease of 0.72 percent, ending at 15,531.75 points.
At the top of the DAX price list, Daimler and Deutsche Bank shares saw a rise of over one percent, while Covestro shares followed suit, also up. On the other hand, HelloFresh shares were down over four percent, landing at the bottom of the DAX price list. Zalando shares also saw a drop.
The shareholders of Commerzbank suffered the largest loss in the DAX on Friday, with the Commerzbank stock dropping significantly by around 4-5.23%, marking it as the biggest DAX loser that day amid profit-taking after a strong rally.
The drop in the DAX is attributed to ongoing investor concerns about the financial troubles of Chinese real estate giant Evergrande. No new financial trouble information about Evergrande was provided in this report.
The euro weakened on Friday afternoon, with one euro worth 1.1692 US dollars. Conversely, one dollar was worth 0.8553 euros. The gold price benefited from the market fluctuations, with an ounce of gold trading at 1,751 US dollars (+0.5 percent). No new gold price information was provided in this paragraph.
It is worth noting that no new share price or position information was provided for Daimler, Deutsche Bank, Covestro, HelloFresh, Sartorius, or Zalando in this report. No new company or industry-specific news was presented either. Additionally, no new financial or market trends were discussed.
The Frankfurt Stock Exchange was photographed by dts Nachrichtenagentur. No new investor concerns were mentioned in this report.
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