Dax at the level of the previous day – momentum is only to be expected in the afternoon

Dusseldorf New data from the US labor market and the associated fear of higher interest rates caused the Dax to fall back in an impetusless Friday trading session. In the afternoon, the leading index was 0.6 percent lower at 13,582 points. Previously, it had been hovering around the previous day’s closing price at 13,662 points for hours with very little trading volume.

The most important indices on Wall Street are also likely to start trading significantly lower. The world’s leading currency, the dollar, is experiencing new momentum. The dollar index, which reflects the exchange rate against major currencies, rose 0.7 percent to 106.47 points. At the same time, investors are parting with US government bonds and driving the yield on ten-year titles to 2.787 percent.

The new job data from the USA had been eagerly awaited. According to this, 528,000 jobs were created outside of US agriculture in July, more than twice as many as expected (250,000). The unemployment rate fell by 0.1 percentage points to 3.5 percent.