DAX Falls 0.41% as Energy and Tech Weigh; Puma Jumps 7.5% on Margin Gains

Germany's benchmark DAX fell 108.05 points, or 0.41%, to 25,931.63 Friday morning, ending a four-day winning streak as higher oil prices and tech weakness weighed on the index. Brent crude front-month futures rose as much as 1.6% to $114.07 a barrel before easing to about $112.60. Siemens Energy dropped more than 5%, Infineon Technologies fell 3.4% and Hochtief shed 2.1%. Fresh flash data showed German GDP grew 0.2% quarter-on-quarter, beating forecasts of 0.1%, while import prices surged 10.4% year-on-year in September, the highest since November 2022. Puma soared 7.5% after third-quarter gross margins improved, despite posting a net loss of EUR 54.9 million, or EUR 0.37 per share, narrower than last year's EUR 62.3 million loss. Bayer rose 4.2%, while SAP, Munich RE and BMW gained 1%-2%.