FX.co ★ DAX Snaps 2-Day Gain

The DAX 40 slipped about 0.6% to around 24,800 on Friday, halting a two-day advance as renewed concerns over the AI sector weighed on sentiment. Markets were unsettled by reports that Apple and Microsoft may increase prices in response to rising memory chip costs, as well as by indications that OpenAI’s public listing could be delayed.

These factors put notable pressure on technology stocks: Infineon Technologies lost 2.6%, while SAP declined 0.4%. Retail shares were also under strain, led by Zalando, which tumbled more than 6% after BaFin announced an audit of the company’s consolidated financial statements and accompanying management report, citing concrete indications of potential accounting irregularities.

In contrast, Beiersdorf (+0.9%), Volkswagen (+0.7%) and Henkel AG & Co (+0.7%) were among the strongest performers on the index. For the week as a whole, the DAX 40 was on track to post a loss of about 0.6%.