Dax currently: Dax is trading above 26,000 points in the plus range
High oil prices and rising bond yields are continuing to weigh on the German benchmark index. The purchasing managers' indexes could provide new impetus.
The Dax is trading slightly higher on Friday morning, up 0.4% at 26,080 points, after closing 0.4% lower at 25,983 points on Thursday. If the Dax ends the day with losses, it would be the fifth consecutive negative trading day this week, which last occurred in April. The index remains above its 21-day line, indicating a stable short-term trend. High oil prices and rising bond yields, including US 10-year and 30-year government bond yields, are major market concerns.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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