Dusseldorf The German stock market is on the up again. According to the US labor market report, the Dax reached a new daily high of 12,393 points and is currently up 1.8 percent at 13,363 points. Yesterday, Thursday, the stock market barometer slipped by more than 230 points, but ended trading with a moderate minus of 0.95 percent and a final value of 13,130 points
US jobs data came in better than expected. 261,000 new jobs were created in October. Only an increase of 200,000 to 220,000 new jobs was expected. For several months, the general motto has been that positive job data is bad for the stock market and vice versa.
But what probably caused prices to continue to rise: the dynamics of wage increases are slowing down. According to capital market expert Thoma Altmann, this is the seventh month in a row that this important number has been declining or at least stagnating.
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