The DAX started on Friday 0.28% higher at 23,601 points and climbed to 23,756 points during the day. At the close of trading, there was a gain of 0.87% at 23,739 points – enough to largely balance the weekly balance sheet. Nevertheless, the index remains below its 21-day line and thus in an ongoing consolidation phase since the record high in mid-July.
The price index for personal consumption expenditures (PCE), the Federal Reserve's preferred measure of inflation, caused a stir. At 2.7% in August and 2.9% for the core figure, the data met expectations. Consumer spending (+0.6%) and income (+0.4%) also increased more than forecasted.
In addition to the inflation trend, the new import tariffs announced by Donald Trump remained an issue. They continue to fuel concerns about potential burdens for European exporters.
