Dusseldorf The robust US labor market is causing unexpected price gains on the German stock market. After a weak start to trading, the leading index Dax was up around one percent at 14,071 points at the end of trading. The Dax was able to record gains, especially in the afternoon, and the closing price is also the highest price of the day.
The stock market barometer benefits from the significant price gains on Wall Street. Weekly US initial jobless claims edged up but remained near historic lows at 225,000. The job market in the USA is proving to be extraordinarily robust despite the Fed’s aggressive interest rate strategy.
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