Current Dax: Dax is trading weaker – tech stock gains
After the US Federal Reserve, the Bank of Japan has now also raised the key interest rate. The Dax is benefiting from falling oil prices, but new economic data are likely to unsettle investors.
The German benchmark index, Dax, fell by 0.7 percent to 25,656 points on Friday. This decline follows a 0.7 percent gain to 25,717 points on Thursday. Meanwhile, oil prices continued to drop, with Brent crude falling by 1.2 percent to $103 per barrel. The price decline was attributed to reports of alternative delivery routes for Saudi Arabian oil exports, easing concerns over supply disruptions due to the Iran war. German producer prices rose by 4.6 percent year-over-year in August and 1.1 percent from July.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
