Dax aktuell: Dax nähert sich nach US-Arbeitsmarktdaten seinem Rekord
Der deutsche Leitindex konsolidiert auf hohem Niveau. Eine Abschwächung des US-Arbeitsmarkts schürt Hoffnungen, dass eine Zinserhöhung in den USA erstmal ausbleibt.
Düsseldorf – The calm on the German labor market was disrupted on Friday by surprising U.S. labor market data. The DAX index, after the release of the numbers on Friday afternoon, gained 1.2 percent to 26,441 points, just below its all-time high of 26,446.95 points. On Thursday, the leading index ended the trading day at 26,140 points, almost unchanged from the previous session.
The U.S. labor market weakened unexpectedly in July, with 23,000 jobs lost outside of agriculture, according to the government report released on Friday. Economists surveyed by news agency Reuters had expected a buildup of 80,000 jobs, however. In June, 57,000 jobs were created, significantly fewer than initially anticipated.
The date of this report is crucial for investors, as it could serve as an indicator for the U.S. Federal Reserve (Fed) in shaping its monetary policy. The Fed has a dual mandate: to maintain inflation at around 2 percent while also promoting full employment. Therefore, a weak labor market increases pressure on the Fed to lower interest rates in order to support economic growth and protect jobs.
Conversely, falling job numbers signal a robust economy, prompting the Fed to keep interest rates high or even raise them further to prevent potential overheating and rising inflation.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
