The DAX 40 closed about 0.2% down at 25,276 on Friday, reversing Thursday's mild gains, in line with peers. The geopolitical landscape remained in focus, with ongoing tensions in Iran and rising frictions between the US and Europe over Greenland. Meanwhile, President Trump floated the idea of levying tariffs on nations opposing the US acquisition of the territory. The attention was also on economic data and corporate updates. Germany’s inflation rate was confirmed at 1.8% in December 2025, down from 2.3% in November and falling below the ECB' 2% target midpoint for the first time since September 2024. Among stocks, Brenntag dropped roughly 4%, weighing on the chemical sector, after Barclays cut its price target from €46 to €42 while maintaining an “Equal Weight” rating. Deutsche Telekom (-2.6%) and Continental (-2.2%) also saw pressure. In contrast, shares linked to the energy transition and AI were in demand, with Siemens Energy climbing 6.4%. For the week, the DAX added just 0.1%.