Stock exchange in Frankfurt: Dax increases slightly

Before the US job market report, which is due in the afternoon, equity investors are keeping their commitments covered on Friday.

Stock exchange in Frankfurt: Dax increases slightly

Before the US job market report, which is due in the afternoon, equity investors are keeping their commitments covered on Friday. Around noon, the Dax was up 0.08 percent to 12,480.47 points. Thanks to the strong start of the week and month, the German leading barometer is currently still up three percent on a weekly basis.

The MDax for medium-sized companies was also slightly higher at 0.07 percent to 23,036.48 points. The Eurozone leading index EuroStoxx 50 fell by 0.1 percent.

A strong job report could confirm the US Federal Reserve's restrictive monetary policy course and put further pressure on the stock market. A few days ago, weak economic data gave market participants temporary hope that the Fed would ease up and fueled a recovery rally, which had already come to a standstill in Europe on Wednesday and in the US the day before.

Technology stocks were under pressure ahead of the weekend amid renewed disappointments from AMD and Samsung. In the Dax Infineon, for example, lost 0.9 percent - a damper after the positive course of the week so far.

A sell recommendation from Hauck Aufhäuser Investment Banking caused Fielmann's shares to lose more than six percent. Unlike in previous downturn phases, analyst Simon Keller does not see the titles of the optician chain as a safe bet in the now approaching recession.

The shares of the fashion retailer Global Fashion Group (GFG), on the other hand, continued their positive trend of the previous day with a price jump of around 19 percent. One retailer welcomed the sale of the Lamoda business, which operates in Russia, Kazakhstan and Belarus, to retailer investor Iakov Panchenko.

NEXT NEWS