The leading German index is on a downward trend this year – despite the recent recovery.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf A robust US labor market ensured a conciliatory end of the week on the German stock market on Friday. Employment in the US expanded significantly more than expected in June. This helped the Dax to gain 1.34 percent to 13,015.23 points. He left the 13,000 mark behind again. On a weekly basis, that means an increase of one and a half percent.
The US economy created significantly more jobs than expected in June. 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.
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