Dax continues to slide – sell-off mood on the bond markets

Dusseldorf After the significant slide in prices on Thursday, the German stock market continues to fall. On Friday afternoon, the Dax was at 15,061 points, down two percent or more than 300 points. The leading index already ended yesterday Thursday 1.57 percent lower.

A disappointment came from the US jobs data, which was negative for the stock market. 467,000 jobs were created outside of agriculture in January. Only 150,000 new jobs were expected. Such a large gain puts pressure on the Federal Reserve to raise rates faster than expected. In addition, the ongoing high wage growth is likely to put the central bank under pressure.

On the basis of this data, the number of futures market professionals on the Chicago futures exchange who even expect an interest rate hike of 50 basis points at the end of March has increased. One in four now assumes this.