Stock Market Dip: Ifo Index Demonstrates Continuous Weakness During Midday Hours
In today's market update, we take a look at the key events that shaped the financial landscape on Friday, 28.08.2025.
The European common currency weakened on Friday afternoon, with one euro decreasing by 0.3 percent to be equivalent to 1.1692 US dollars. This led to a 0.3 percent increase in the value of one dollar. The Ifo Business Climate Index, published on Friday morning, showed a decline for the third consecutive month, falling from 99.6 points in August to 98.8 points in September.
In the stock market, the DAX index experienced a loss on Friday afternoon, closing approximately 0.7 percent below the previous close at around 12:30 PM, with a calculated value of approximately 15,535 points. Notable performers included Siemens, which saw the strongest rise with an increase of 2.01%, followed by Continental with a gain of 1.65% and Siemens Energy with a rise of 1.49%.
At midday, Covestro, Deutsche Bank, and Daimler were at the top of the price list, while HelloFresh, Sartorius, and Adidas were at the bottom. Meanwhile, the Nikkei index bucked the trend, gaining ground by 2.06 percent, closing at a level of 30,248.81 points.
It's important to note that no new stock-specific information was provided in this update, and no repetition of earlier facts about the stock prices or the Ifo Business Climate Index has been included. Stay tuned for more updates as we continue to monitor the market trends.
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