Goldman Sachs is out with its near-term forex outlook
Investing.com – Germany equities were lower at the close on Friday, as losses in the Construction, Media and Consumer & Cyclical sectors propelled shares lower.
At the close in Frankfurt, the DAX fell 1.14% to hit a new 1-month low, while the MDAX index fell 1.48%, and the TecDAX index fell 1.25%.
The biggest gainers of the session on the DAX were Rheinmetall AG (ETR:RHMG), which rose 2.72% or 47.50 points to trade at 1,795.50 at the close. RWE AG ST O.N. (ETR:RWEG) added 1.02% or 0.36 points to end at 35.59 and Daimler Truck Holding AG (ETR:DTGGe) was up 0.74% or 0.28 points to 38.13 in late trade.
Biggest losers included Adidas AG (ETR:ADSGN), which lost 2.77% or 5.70 points to trade at 200.00 in late trade. Dr Ing hc F Porsche AG Preferred (ETR:P911_p) declined 2.54% or 1.08 points to end at 41.39 and SAP SE (ETR:SAPG) shed 2.45% or 6.40 points to 254.75.
The top performers on the MDAX were Redcare Pharmacy NV (ETR:RDC) which rose 1.77% to 92.00, RENK Group AG (ETR:R3NK) which was up 0.76% to settle at 71.40 and K+S AG (ETR:SDFGn) which gained 0.62% to close at 16.11.
The worst performers were Fuchs Se Pref (ETR:FPE3_p) which was down 4.66% to 46.60 in late trade, AUTO1 Group SE (ETR:AG1G) which lost 4.38% to settle at 23.58 and Kion Group AG (ETR:KGX) which was down 4.02% to 41.56 at the close.
The top performers on the TecDAX were IONOS Group SE (ETR:IOSn) which rose 1.59% to 41.55, 11 AG (ETR:1U1) which was up 0.22% to settle at 18.42 and SUSS MicroTec SE (ETR:SMHNn) which gained 0.15% to close at 41.28.
The worst performers were Draegerwerk VZO O.N. (ETR:DRWG_p) which was down 3.90% to 69.00 in late trade, Formycon AG (ETR:FYB) which lost 3.72% to settle at 27.15 and Siltronic AG (ETR:WAFGn) which was down 3.52% to 38.32 at the close.
Declining stocks outnumbered rising ones by 446 to 155 and 28 ended unchanged on the Frankfurt Stock Exchange.
The DAX volatility index, which measures the implied volatility of DAX options, was down 2.59% to 19.02.
In commodities trading, Gold Futures for August delivery was up 1.23% or 42.00 to $3,444.40 a troy ounce. Meanwhile, Crude oil for delivery in July rose 5.45% or 3.71 to hit $71.75 a barrel, while the August Brent oil contract rose 5.46% or 3.79 to trade at $73.15 a barrel.
EUR/USD was unchanged 0.26% to 1.16, while EUR/GBP unchanged 0.04% to 0.85.
The US Dollar Index Futures was up 0.19% at 98.08.