Germany: DAX Finishes Almost Muted.

Frankfurt's DAX 40 lost momentum to close almost flat at 24,853 on Friday, mirroring a cautious sentiment across European and US markets. Investors grew mindful again of AI-related risks and tempered expectations for Fed rate cuts ahead of Friday’s CPI data. Meanwhile, attention remained on the earnings season and corporate updates. Cement and utility stocks, including Heidelberg (-9.9%) and RWE (-4.1%), dragged on the market following calls from German, Italian, and other leaders for EU emissions trading reforms. AI-focused companies such as Scout24 (-5.8%) also declined sharply. On the upside, Deutsche Telekom emerged as the top performer, surging 5.9%, following strong 2025 results from its subsidiary T-Mobile US. Shares of Deutsche B