The leading German index had reached several new record highs in the last stock market year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf After the significant slide in prices on Thursday, the German stock market continues to fall. At the end of the trading week, the Dax closed 1.8 percent lower and slipped to 15,099 points, a minus of around 270 points. The leading index already ended yesterday Thursday 1.57 percent lower.
The US jobs data, which was negative for the stock market and ultimately caused the Dax to slip to the daily low, caused a disappointment. 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 central bank’s ongoing high wage growth is likely to give additional cause for concern.
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.
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