2023-09-01 10:44:03
Frankfurt At the end of the trading week there was little movement on the German stock market: After the Dax had opened slightly in the red, it stabilized. In the morning, the leading German index was almost unchanged at 15,939 points. On Thursday it was up 0.4 percent from trading and closed at 15,952 points.
On Friday, investors’ attention will focus primarily on economic data. The final Purchasing Managers’ Index (PMI) for the manufacturing sector was published in various major economies, including Germany. Index values above 50 signal a positive development. As expected, the value for Germany rose slightly to 39.1.
This value signals a recession. Order backlogs and export orders were still shrinking rapidly – albeit not quite as massively as recently.
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