Dax starts trading on a friendly note – look at US labor market data
After price losses the day before, the Dax rose on Friday morning. Investors are waiting for inflation and economic data.
Quick Look
- The Dax started trading on Friday with a plus after falling the day before.
- Investors are now focusing on euro inflation as well as important US economic data and the US jobs report.
AI-generated summary
Why It Matters
The day before, the Dax closed one percent lower at 24,939 points due to increased oil prices and high bond yields.
Dusseldorf. The Dax starts trading higher on Friday.
The price board in Frankfurt shows an increase of 1.2 percent at 25,227 points in the morning.
On Thursday, the leading German index closed one percent lower at 24,939 points.
Rising oil prices and high bond yields caused a bad mood on the stock markets in Europe.
Concerns about France's public finances drove interest rates on ten-year French bonds to their highest level since 2002.
On Wall Street, the indices closed slightly higher after initial losses.
At the end of the week, investors are primarily looking at euro inflation and US economic data, which could provide new information about further interest rate developments.
For the American government's jobs report, economists expect a job increase of 90,000, after 162,000 jobs were added in August.
The US Federal Reserve is paying close attention to this data because it is supposed to ensure full employment and stable prices.
In mid-September it raised the key interest rate to the range of 3.75 to 4.00 percent.
The financial markets are expecting the Fed to step up this year.
What to Watch
AI outlook — possibilities, not facts
Government releases US jobs report
Very likely · Within hours
Open Questions
- What are the actual US labor market data?
- Will the Fed respond with further interest rate hikes?
