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 weighed on the German stock market on Friday. The Dax closed 0.65 percent lower at 13,574 points. The daily low of 13,562 points was only reached shortly before the close of trading. Overall, Friday was a trading day with very little trading volume.

Investors also held back in the USA. The most important indices on Wall Street were in the red at the start. 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 106.5 points. At the same time, investors are parting with US government bonds and driving the yield on ten-year titles to 2.787 percent.