Volkswagen AGVolkswagen fell 4.2% as it traded ex-dividend, a capital event.
The German DAX index edged higher on Friday as investors reacted to the abrupt cancellation of US-Iran peace talks scheduled for Switzerland. The benchmark was up 82.87 points, or 0.33%, at 25,110.93 after earlier reaching 25,176.56. Rheinmetall climbed 2.2%, BMW gained 1.8%, and Infineon Technologies added 1.7%, while Volkswagen fell 4.2% as it traded ex-dividend. Data from Destatis showed German producer prices rose 0.3% month-on-month, driven by higher intermediate goods and energy costs.
Volkswagen AGVolkswagen fell 4.2% as it traded ex-dividend, a capital event.
Bayerische Motoren Werke AktiengesellschaftUS-Iran peace talks cancellation may boost defense spending, but BMW is only mentioned as a gainer in the broader market.
Volkswagen AG VZO O.N.Volkswagen VZO O.N. fell 4.2% as it traded ex-dividend, a capital event.
Infineon Technologies AGInfineon rose 1.7% amid market gains after peace talks cancellation, but no direct link to the company.
Rheinmetall AGRheinmetall climbed 2.2% as defense stocks may benefit from heightened geopolitical tensions after US-Iran talks cancellation.