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 and was almost half a percent in the green after midday. The MDax for medium-sized stocks rose even more. The slight easing 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 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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