The leading German index is on a downward trend this year – despite the recent recovery.
(Photo: Bloomberg Creative/Getty Images [M])
Frankfurt After a positive opening, the German stock index Dax was up almost half a percent after midday, but then gave back somewhat. The MDax for medium-sized stocks rose somewhat more. The relaxation on the oil market contributed to the recovery, the price for a barrel of North Sea Brent 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 were important on Friday because they allow conclusions to be drawn about the monetary policy of the US Federal Reserve (Fed). Compared to the same month last year, hourly wages in March were 5.6 percent higher, the strongest increase since the outbreak of the corona pandemic, but growth below the US inflation rate of 7.9 percent.
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