Germany’s DAX was marginally up around 24,240 on Friday, in cautious trading, as traders eyed a fresh batch of corporate earnings and assessed key PMI data. Germany’s private sector activity unexpectedly accelerated in October, with output expanding at its fastest pace since May 2023, led by services. Attention is also focused on the upcoming US inflation report, delayed for several weeks due to the shutdown. Meanwhile, the confirmation of a meeting between the American and Chinese presidents has revived hopes of a easing of trade tensions between the two countries. Among equities, Siemens Energy led the gains, rising 1.7%, followed by Continental, Commerzbank and Bayer, each adding more than 1%. On the flip side, SAP lagged, falling 1.7%, while E.ON and Scout24 also saw losses of nearly 1%. For the week, the index is set to gain about 1.7%.
