Stock exchange in Frankfurt: Investors hold back from US job data

Before important US labor market data, the Dax remained stable on Friday.

Stock exchange in Frankfurt: Investors hold back from US job data

Before important US labor market data, the Dax remained stable on Friday. In early trading, the leading German index contained its losses and was hardly changed at 14,492 points.

The MDax for medium-sized stocks rose by 0.78 percent to 26,158.00 points. On the European stage, the desire to buy remained subdued, the EuroStoxx 50 lost 0.33 percent to 3971.46 points.

The prospect of a more moderate US interest rate policy had recently pushed the Dax, but after the strong run, the air still seems to be out. Overall, the stock market barometer is heading for a slightly negative week. It would be the first loss since the end of September after an eight-week period of good weather.

The expected US labor market data are decisive for the further course of trading. Weak data and stable or even declining wages would be helpful according to the stock market calculations, as they would take further pressure off the US monetary authorities. After a series of rate hikes of 0.75 percentage points each, the market is currently priced in for a half a percentage point hike at the Fed's mid-December meeting.

On the company side in this country, price-moving news was more likely to be found in the back rows of the stock exchange. Stabilus shares increased in price by 2.2 percent and were thus one of the strongest MDax titles. Here, the prospect of a higher dividend lured investors. Investors are expected to get 50 cents more than in the previous year at EUR 1.75 per paper. That's more than expected.

Otherwise, analyst studies are primarily moving: Shares in Delivery Hero recently rose by 3.2 percent at the top of the MDax. Lufthansa shares increased by 1.4 percent to 7.68 euros.

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