Dusseldorf In anticipation of important economic data, investors on the German stock market play it safe and cash in. The Dax is 0.8 percent lower on Friday morning at 15,396 points. On Thursday, Europe’s stock markets reached their highest level in around twelve months.
The new labor market report in the USA, which will be published in the afternoon, is of great importance. “US job creations are expected to have declined for the sixth straight month in January,” said portfolio manager Thomas Altmann of wealth advisor QC Partners. This would be an indication that the previous US interest rate hikes are slowing down the economy as desired.
Even more important are the figures on wage development, which are also expected to have weakened. “That would be a good and important signal that the US Federal Reserve can prevent the dreaded price-wage spiral.”
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