Stock exchange in Frankfurt: Dax slightly higher – waiting for US jobs report

Ahead of the US labor market data in the afternoon, the German stock market posted moderate price gains. After the recent break from its record high, the Dax recently climbed by 0.17 percent to 16,658.04 points. His current record from Wednesday is 16,727 points. The MDax of medium-sized companies rose by 0.34 percent to 26,624.92 points. The Eurozone index EuroStoxx 50 gained 0.4 percent.

Shortly before the weekend, everything revolves around the labor market data from the USA. The development on the job market is important for the monetary policy of the US central bank, the Fed, which has raised its interest rates sharply to combat inflation, but has not touched the key interest rate since the summer. The markets are expecting significant interest rate cuts next year because an economic slowdown is expected.

This would help companies because financing would then become somewhat more affordable. Your stock prices could benefit. In addition, when interest rates fall, stocks become more attractive again compared to fixed-interest investments.

On the German stock market, Siemens Energy’s shares fell by 2.8 percent, bringing up the rear in the Dax. For JPMorgan, they are among the stocks that investors should avoid. The shares of the laboratory supplier Sartorius continued their recovery rally at the top of the DAX with a gain of 3.6 percent. Airbus recorded an increase of 1.1 percent following a buy recommendation from Deutsche Bank.

Adidas and Puma SE recovered somewhat after their profit-taking the previous day with plus 1.5 and 0.8 percent respectively. A below-expected outlook from the North American sportswear manufacturer Lululemon did not prove to be a burden.