Current Dax: Dax is trading in the red – oil prices rising due to new escalation in the Middle East
Worries about tech stocks, France's financial situation and rising oil prices are weighing on markets. Investors are looking at economic data from the euro zone.
The Dax started trading on Friday with a 0.5% decline to 25,234 points. This comes after a 1.1% drop to 25,371 points on Thursday, driven by concerns over the technology sector, poorly received corporate earnings, and rising oil prices. US tech stocks continued to sell off on Thursday, with investors refocusing on the high costs of Artificial Intelligence despite strong quarterly results from Meta and SpaceX.
Investors are now awaiting the release of the Eurozone's purchasing managers' indexes and a review of France's creditworthiness by Moody's, which could impact the euro and European banks.
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.
