The 16,000 points remain a high hurdle for the Dax. Before the presentation of fresh US labor market figures, the Dax started trading just in the red on Friday. Price losses at car manufacturers had a negative effect, especially VW after a sell recommendation from UBS. The Dax fell in early trading by 0.17 percent to 15,920.15 points. It was thus unable to absorb the tailwind from Asia, where the majority of the most important stock markets have risen. Economic data from China provided some support.
The 16,000 points remain a high hurdle for the Dax. Before the presentation of fresh US labor market figures, the Dax started trading just in the red on Friday. Price losses at car manufacturers had a negative effect, especially VW after a sell recommendation from UBS. The Dax fell in early trading by 0.17 percent to 15,920.15 points. It was thus unable to absorb the tailwind from Asia, where the majority of the most important stock markets have risen. Economic data from China provided some support.
Despite the somewhat weaker start, the Dax is showing a positive weekly balance: so far it has gained 1.8 percent in value. The day before, the leading index had risen above 16,000 points for the first time in three weeks, but had not stayed above it.
The MDax fell 0.35 percent on Friday to 27,720.73 points. The Eurozone barometer EuroStoxx was also slightly in the red.
Source: Stern
