Dax slightly in the red before the US job market report – Adidas share under pressure

Dusseldorf On the German stock market, investors are waiting on Friday before the job market report in the USA. The leading index Dax was 0.3 percent down at 12,434 points in the morning. The Frankfurt stock exchange barometer ended Thursday 0.4 percent weaker at 12,471 points.

The US jobs data will be released in the afternoon (2:30 p.m.). Depending on how they turn out, they have the potential to move the markets significantly. Because the labor market is one of the target values ​​for the US Federal Reserve (Fed) alongside price development.

A weaker labor market would therefore be good news for the stock market. That would be a sign that the Fed’s rate hikes are already taking effect and slowing the economy. The Fed might then have to raise interest rates less sharply than previously expected in order to achieve its targets.

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