The leading German index is on a downward trend this year – despite the recent recovery.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf The German stock market is up for the third trading day in a row: After a turbulent rollercoaster ride, the leading index is only up 0.2 percent in the afternoon at 12,868 points. In the meantime, the Frankfurt benchmark slipped to 12,766 points and then gained 250 points. But the leading index was not able to hold the mark of 13,000 points for long.
The strong US jobs data proved to be a drag. The number of newly created jobs was 372,000 for the month of June, only 268,000 jobs were expected. According to Thomas Altmann from the investment boutique QC Partners, the job boom is not over despite the economic slowdown. May already surprised positively with 390,000 newly created jobs.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue