German equities ended higher on Friday, with the DAX index climbing 0.82% to a fresh all-time high as gains in public utilities, chemical products and insurance offset declines in other sectors.
Advancing issues outnumbered decliners by 389 to 259 on the Frankfurt Stock Exchange, with 28 stocks unchanged. The DAX’s advance was led by gains in BMW, Volkswagen and Mercedes-Benz, which rose 4.50%, 3.23% and 2.96% respectively. The trio closed at 62.64, 77.42 and 46.95 per share.
The MDAX and TecDAX also posted modest gains, rising 0.22% and 0.44%. Among MDAX components, Lanxess, Aumovio and Wacker Chemie led advancers with increases of 3.87%, 3.74% and 3.16%, while Redcare Pharmacy, Hensoldt and TKMS were the top decliners, down 5.86%, 2.26% and 1.65%. In the TecDAX, TeamViewer, SMA Solar Technology and Siltronic advanced 2.57%, 2.23% and 2.08%, while Hensoldt, Kontron and Aixtron fell 2.26%, 1.83% and 1.32%.
Commodities traded lower as the session progressed. December gold futures fell 2.08% to $4,567.09 per troy ounce, while October WTI crude declined 0.62% to $83.01 per barrel. November Brent crude also slipped 0.67% to $87.93 per barrel.
The euro weakened against the dollar, with EUR/USD down 0.49% to 1.16. The U.S. Dollar Index futures fell 0.44% to 99.53. The pound’s cross-rate versus the euro held steady at 0.86.
