Nothing going on in the DAX without US markets
Due to the shortened trading in the USA yesterday, Thursday, which paid its last respects to the late former US President Jimmy Carter, there was also little volatility to be seen on the European stock markets. The DAX is literally treading water and moved by just -0.06 percent by the end of trading. The closing price was 20,317.10 points.
Labor market data causes volatility
Accordingly, the stock markets are expected to be somewhat more volatile again today and there is still a very good opportunity in the DAX to reach a new all-time high towards the weekend. The labor market data from the USA, which will be published today at 2:30 p.m., could be supportive of this project. 164,000 new jobs are expected to be created and the market is likely to react comparatively positively if there are actually fewer jobs than expected. The problem right now is that the market is quite pessimistic about anything that might reinforce the Federal Reserve's conservative stance of not cutting rates any faster. For this reason, the markets could actually continue to decline if the labor markets deliver good numbers. This would then also be difficult for the DAX to report new record highs in such an environment.
E.ON under pressure after negative rating
E.ON shares are under pressure among the individual stocks. In this case, it was enough for a negative analyst rating to put pressure on investors and investors and thus the stock was already under pressure early Friday morning. Meanwhile, the Heidelberg Materials share price gained further ground yesterday. The company is scratching at its all-time high and could thus trigger further buying interest in the market. At the bottom of the DAX list was the RWE share, which had to end yesterday's trading day with a minus of 2.5 percent. Meanwhile, the share continues to be in a downward trend and has yet to prove that it has bottomed out.
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