US stock exchanges support the Dax – leading index closes in the black

2023-08-04 17:48:00

Düsseldorf Supported by the better mood on the US stock exchanges, the German stock market stabilized on Friday. The leading index Dax ended the trading day up 0.4 percent at 15,952 points.

In the US, the major indices started trading with profits after the online retailer Amazon presented surprisingly good quarterly figures. However, investors shy away from larger purchases because the previously published US labor market data did not send a clear signal to the markets.

Because the report from the US job market has both positive and negative aspects in store for the stock market. On the bright side, just 187,000 new jobs were added in the US in July, down from the 200,000 that had been expected. On the negative side, the unemployment rate fell to 3.5 percent – ​​a rate of 3.6 percent was expected. In addition, wages rose more than analysts had predicted.

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