The Dax ended a very weak trading week with a small plus on Friday. The leading German index received some tailwind from the USA and ended up gaining 0.37 percent to 15,951.86 points. The weekly minus amounts to 3.14 percent. The stock market barometer suffered from profit-taking after the recent record hunt. The MDax of medium-sized companies rose by 0.54 percent on Friday to 28,087.88 points.
At the end of the week, the US job market report for July provided a topic of conversation. The job market developed unevenly. While it remains robust overall, it is showing signs of weakening. The number of employees rose less than expected, while the unemployment rate fell. Wage growth remains solid.
At the end of the Dax, Commerzbank slipped by 2.6 percent after the publication of quarterly figures. In particular, the less precise statements on share buybacks were not well received by the market.
The titles of the real estate group Vonovia lost 1.3 percent after half-year figures. Germany’s largest residential real estate group is struggling with rising interest rates, as is the entire industry. That’s why the company wants to reduce its debts by selling real estate, for example.
There was positive news from Airbus: With the delivery of 65 commercial jets in July, the world’s largest aircraft manufacturer had the second strongest month of the year so far. The papers increased by 0.4 percent.
Margin forecasts that had been adjusted downwards had upset investors at Carl Zeiss Meditec, and the medical technology company’s shares fell by 1.9 percent in the MDax. According to quarterly figures, Lanxess shares fell by 2.4 percent at the end of the index. The specialty chemicals group sees no signs of an upturn in the collapsed demand.
The EuroStoxx 50, the stock exchange barometer for the heavyweights in the euro zone, rose by 0.66 percent to 4332.91 points. In Paris and London, the respective key indices increased to a similar extent. In the US, the Wall Street index Dow Jones Industrial gained 0.6 percent at the close in Europe.
The euro benefited from US jobs data and was last listed at $1.1037. The European Central Bank had previously set the reference rate at 1.0946 (Thursday: 1.0932) dollars. The dollar thus cost 0.9136 (0.9148) euros.
On the bond market, the current yield increased from 2.60 percent on the previous day to 2.63 percent. The Rex pension index fell by 0.12 percent to 124.18 points. The Bund future rose by 0.23 percent to 132.05 points.
