Stock market on October 8th: Seven points that are important for investors today

After three days of gains, the Dax is coming under pressure. Investors are now looking at export data, the US labor market and central bank statements on Thursday.

Price table of the Frankfurt Stock Exchange. Photo: Handelsblatt

Dusseldorf. After three trading days of gains, the Dax came under pressure in the middle of the week. The leading German index fell by 1.3 percent to 25,104 points yesterday, Wednesday. The day before it had temporarily passed the 25,500 point mark.

Given the upcoming quarterly balance sheet season, investors held back. Rising oil prices and high yields on the bond markets, particularly on French government securities, caused uncertainty. The risks posed by national debt in Europe are still underestimated, according to private bank Merck Finck.

The trend did not continue early Thursday morning. On over-the-counter trading platforms, the Dax is quoted unchanged pre-market.

On Thursday, the focus will initially be on German export data. After the surprising decline in July, investors are likely to pay attention to whether foreign trade will recover again. PepsiCo's quarterly results could also influence market sentiment.

In the afternoon the focus will be on the US labor market. The new data on initial jobless claims could provide clues about the Fed's interest rate path. Statements from ECB and Fed central bankers are also expected.

1 – Stock exchanges in New York: Dow Jones, S&P 500 and Nasdaq

The mood on Wall Street changed in the middle of the week. The day before, Nvidia was able to help the US stock exchanges set new records.

The Dow Jones standard shares lost 0.7 percent to 51,180 points.

The broader S&P 500 lost 0.2 percent to 7,802 points.

The Nasdaq technology exchange fell 0.2 percent to 27,539 points.

The Nasdaq 100, a reflection of the 100 non-financial companies with the highest market capitalization, closed at 31,160 points - down 0.2 percent.

2 – Stock exchanges in Asia

The plans of major technology companies to take on billions of dollars in debt to upgrade their artificial intelligence (AI) sector weighed on Asian stock markets on Thursday.

Reports that SpaceX, Broadcom and Oracle, among others, want to tap the bond markets have fueled concerns about additional strain on the financial markets. These are already groaning under rising oil prices and high interest rates.

"Building AI started with cash. Increasingly it's running on credit, and credit is completely changing the risk profile," said Nigel Green, boss of deVere Group. “Debts must be repaid on schedule, regardless of whether the income flows or not.”

The Japanese Nikkei index fell 0.9 percent.

The broader MSCI index of Asian stocks outside Japan fell 0.1 percent.

3 – German exports

The Federal Statistical Office will publish the German trade balance for August at 8 a.m. The focus is likely to be on German exports. These had risen for five months in a row before surprisingly falling in July.

4 – Quarterly figures

At 12 noon German time, the American beverage and food company PepsiCo will present its figures for the third quarter. The share is currently near its low for the year. If the numbers turn out better than expected, the stock could rise.

5 – US labor market

In the USA, fresh data from the labor market will come out at 2:30 p.m. German time. The Labor Department reports how many initial jobless claims were filed last week. They are considered an indicator for the entire labor market, which the US Federal Reserve bases its interest rate policy on.

6 – Government bond auction

In the evening there will be an auction for new US government bonds with a maturity of 30 years. Investors will pay attention to what the demand for the securities is and what interest rate the USA has to offer.

7 – Central bank speeches

Various central bankers appear throughout the day. These include Philip Lane from the European Central Bank and Christopher Waller from the US Federal Reserve. Investors will be watching for clues about further monetary policy.

Appointments company

7:10 a.m., Germany: Südzucker, Q2 figures (detailed)

8:00 a.m., Great Britain: Tesco, half-year figures

8:00 a.m., UK: Imperial Brands, Q4 sales

12:00 p.m., USA: PepsiCo, Q3 numbers

4:00 p.m., Netherlands: Aegon, extraordinary general meeting

5:30 p.m., Germany: Mercedes-Benz, pre-close call Q3/26

5:45 p.m., France: Airbus, deliveries and orders 9/26

Germany: Verbio, Capital Markets Day

South Korea: Samsung Electronics, Q3 figures (in advance)

Related topics

USAGermanyDaxFedDow JonesECB

Dates economic situation

01:50 a.m., Japan: Trade and Current Balance 8/26

8:00 a.m., Germany: Trade balance 8/26

8:00 a.m., Germany: Truck toll mileage index, September 2026

2:30 p.m., USA: Initial jobless claims

4:00 p.m., USA: Wholesale, Inventories 8/26 (2nd release)

4:00 p.m., USA: Wholesale, sales

With agency material.

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