After its most recent record, the Dax fell moderately on Friday. In the first few minutes of trading, the leading German index fell by 0.14 percent to 17,818.51 points. The index of medium-sized companies MDax also fell by 0.94 percent to 25,921.88 points in the morning due to very high losses at Hellofresh. The US labor market report could provide impetus later in the day.
After its most recent record, the Dax fell moderately on Friday. In the first few minutes of trading, the leading German index fell by 0.14 percent to 17,818.51 points. The index of medium-sized companies MDax also fell by 0.94 percent to 25,921.88 points in the morning due to very high losses at Hellofresh. The US labor market report could provide impetus later in the day.
This week, appearances by US Federal Reserve Chairman Jerome Powell and the monetary watchdog from the European Central Bank (ECB) strengthened interest rate hopes on the market. The Dax had reached a new record the day before, and there were also new records on Wall Street. Investors read from the monetary authorities’ indications that the central banks could start cutting interest rates in June.
Investors on Europe’s stock exchanges also initially took a breather on Friday morning; after significant gains the previous day, the Eurozone leading index EuroStoxx 50 barely moved with plus 0.03 percent at 4975.67 points.
Source: Stern
