Frankfurt Stock Outlook: Slightly negative end to the week expected

FRANKFURT (dpa-AFX) - The German stock market is expected to weaken somewhat again on Friday after its two-day stabilization. One hour before the start of trading, the X-Dax signaled a loss of 0.55 percent to 23,802 points for the German leading index. This suggests a weekly loss of around one percent for the DAX. The Eurozone's leading index, the EuroStoxx 50, is expected to post a similar decline on Friday.

The record highs of the Nasdaq indices in the US the previous evening roughly coincided with the end of European trading. There was no further momentum, and this Friday the stock exchanges across the Atlantic are closed for Independence Day. Meanwhile, the window of opportunity for a tariff deal between the EU and the US is narrowing. US President Trump wants to impose additional tariffs of 50 percent starting July 9 if the Europeans do not accommodate him on trade issues.

From a corporate perspective, news is still relatively thin. The automotive and industrial supplier Stabilus has found a new CFO in its search. Andreas Jaeger, the current CFO of Forbo Holding, will take over the position effective November 1, Stabilus announced. With this appointment, the company fills the gap created by the departure of its previous CFO, Stefan Baurreis, in February.

Rheinmetall shares could attract investor interest. US bank JPMorgan has raised its price target for the stock from €2,100 to €2,250. This represents an upside potential of approximately one-third, making JPM one of the most optimistic analyst firms for the defense stock. Expert David Perry also raised his earnings estimates through 2030 by up to 21 percent and named Rheinmetall his top pick among Europe's major defense producers.

Shares of Jungheinrich and DWS might also be worth a look. The analyst firm Exane BNP downgraded the forklift manufacturer's shares to "neutral" and lowered the rating for the Deutsche Bank fund subsidiary to "underperform."

Shares of port operator HHLA are trading at a dividend discount this Friday./edh/stk

DE0006219934, DE0007030009, DE0008469008, DE0008467416, EU0009658145, DE000A0C4CA0, DE000A0S8488, DE000DWS1007, DE000STAB1L8