The DAX in Frankfurt edged up to around 25,140 on Friday, notching a ninth consecutive gain and pushing toward fresh record levels. Traders continued to closely monitor geopolitical developments while also keeping an eye on economic data. On the domestic front, Germany’s industrial output unexpectedly rose in November, recording three consecutive months of growth for the first time since 2022. Meanwhile, attention turned to the key US jobs report due later in the day, with investors also watching for a possible Supreme Court decision on tariffs. On equities, top gainers included Zalando (2.7%), Siemens Energy (2.5%) and Adidas (2%). Fresenius Medical Care (+1.7%) was also in focus, after announcing the continuation of its €1 billion share buyback program, with a second tranche of €415 million running from January 12 to May 8. Infineon Technologies and SAP rose 1.6% and 0.4%, respectively, as European tech stocks followed a surge in ASML Holding. The DAX heads for a 2.4% weekly gain.

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