DAX 40 Steadies on Friday, Posts Weekly Decline

The DAX 40 was little changed on Friday, but still ended the week down more than 1% amid tariff-driven turbulence.

The index was supported by strength in selected industrial and technology names, with SAP rising about 4%, while Siemens Energy and defence group Rheinmetall gained more than 2%.

On the other hand, Adidas tumbled over 6% and Zalando was down around 5%.

Allianz fell nearly 2%, while Deutsche Bank lost about 1.6%, and automakers Mercedes Benz and BMW also declined.

Investors digested stronger-than-expected economic data alongside signs of easing US Europe trade tensions.

S&P Global PMI figures showed Germany’s private sector activity expanded at its fastest pace in three months in January, beating forecasts.

The improvement was driven by a stronger services sector and a return to growth in manufacturing output, supported by rising new orders.

Business confidence also improved sharply, reaching its highest level since February 2022.