Supported by new records in the US leading indices, the German stock market is expected to hold up well at the opening on Friday.

Fresh inflation data from Germany came in as expected and is likely to provide little stimulus. Consumer prices rose by 2.2 percent in August compared to the same month last year.

The X-Dax DE000A0C4CA0 signaled a 0.2 percent gain to 23,740 points for the Dax DE0008469008 about an hour before the start of trading. The Eurozone's leading index, the EuroStoxx 50 EU0009658145, is also expected to open with a slightly positive undertone.

On a weekly basis, the DAX has so far risen by 0.4 percent from its weak start to the month. It has been hovering around its 100-day moving average. This indicator of the longer-term trend is now providing resistance above 23,800 points.

The continued prospect of interest rate cuts drove both the Dow Jones Industrial US2605661048, the broad-based S&P 500 US78378X1072, and the tech-heavy Nasdaq 100 US6311011026 to new highs on Thursday. Meanwhile, even a major interest rate hike by the US Federal Reserve of 0.5 percentage points seems possible. In any case, it is considered a given that the US Federal Reserve will cut interest rates next week to stimulate the economy.

From a corporate perspective, it's likely to be a quiet end to the week in terms of news. Shares of Hannover Re (DE0008402215) could be worth a look, having gained nearly 2 percent in pre-market trading on the Tradegate trading platform. Previously, major bank UBS upgraded the reinsurer's shares from "Neutral" to "Buy" due to its prolonged below-average price performance. The stock has lagged behind other sector stocks both in 2024 and since the beginning of 2025 and is now available at a correspondingly low price, wrote analyst Will Hardcastle.