Dax stabilizes at 26,046 points after VW profits and weak US labor market data

Dusseldorf. The Dax ended trading on Friday almost unchanged at 26,046 points. VW shares were the biggest winners after the approval of far-reaching restructuring measures and temporarily rose by up to 7.3 percent.

On Thursday, the Dax closed at 26,003 points, up around 0.6 percent. After three days of losses, in which the index lost a total of over 700 points, the DAX stabilized again and was finally able to barely overcome the 26,000 point mark.

While rising oil prices and inflation concerns had weighed on prices in recent days, investors saw reason for cautious optimism. Two high-ranking US central bankers had spoken publicly about the fact that they do not consider an interest rate increase to be a foregone conclusion.

At the end of the week, investors were primarily looking at the USA. The US labor market data was surprisingly good, but could not significantly strengthen the DAX.

Far more jobs were created on the US labor market in August than expected. The bottom line is that 162,000 non-agricultural jobs were created, according to the government report published on Friday.