Dax currently: Dax is trading barely changed, just above 26,000 points
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 fluctuating around the 26,000-point mark on Friday morning, having closed at 25,983 points on Thursday, a 0.4% loss. If it ends the day with losses, it will be the fifth consecutive negative trading day, which last occurred in April this year. The index is currently holding 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. In Germany, the 30-year bond yield is 3.76% and the 10-year Bund yield is 3.24% on Friday morning.
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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