The leading German index is on a downward trend this year – despite the recent recovery.
(Photo: Bloomberg Creative/Getty Images [M])
Frankfurt The German share index Dax was slightly up on Friday when it opened. After falling significantly from the interim weekly high of over 14,880 points on Tuesday, it recovered to some extent on Friday and initially gained 0.1 percent. Earlier in the morning it was 14,480 points. The slight easing on the oil market contributed to this, the price for a barrel of Brent variety fell to its lowest level for a good two weeks. However, the focus of investors remains on the war in Ukraine.
The US labor market data are important on Friday because they allow conclusions to be drawn about the monetary policy of the US Federal Reserve (Fed). Experts expect March to have brought 490,000 new non-farm jobs. In February, the increase was 678,000 jobs. A higher-than-expected gain could raise expectations of tighter US monetary policy and weigh on the stock market.
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