Dax slightly in the red ahead of US job report

Released on 08. 10. 2021

  • The Dax is the most important stock index in Germany. Photo: Fredrik von Erichsen

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Frankfurt / Main (dpa) – Before the US labor market report, investors held back on the German stock market. The leading index Dax fell on Friday by 0, 23 percent to 15. 214 , 23 Points.

The Dax experienced Although turbulent days this week with an intermittent slide to almost the May low of 14. 816 points. From a weekly perspective, however, there are signs of a moderate plus.

The MDax of the medium-sized stock market values ​​quoted 0, 10 Percent in the minus at 33 471, 66 points. The EuroStoxx 50 as the leading index for the euro zone also fell slightly.

According to the mixed recent US labor market report, stock marketers expected a stronger recovery this time. With a strong labor market report, the US Federal Reserve could, as expected, reduce its pandemic emergency purchases of government bonds to support the economy. However, only until the run-up to Christmas. This means that the US debt limit has the potential to stifle a year-end rally on the stock exchanges at an early stage or even to prevent it completely. The Dax group Vonovia could be about to join the industry colleague Adler Group, which has got into difficult waters. Vonovia has the right to over the next 15 months a share of 13, 3 percent to Adler at the price of 14 euros per share. However, Vonovia wants to take the time to carefully examine the property portfolio first.

Adler’s shares were a quarter up on Wednesday 10 euros collapsed after shortseller Viceroy made serious allegations against the company. Adler later rejected them. On this Friday, the shares of the Adler Group rose by almost 12 percent 10, 91 euros and were thus by far the favorite in the SDax small-cap index. Vonovia’s shares barely moved from the spot.

At the top of the Dax, Daimler’s shares rose by almost three percent. The major Swiss bank UBS recommended buying the shares. Analyst Patrick Hummel expects a recovery in the carmaker’s production, which is currently still affected by the chip crisis. That could make 2022 a record year for Mercedes-Benz.

A positive analyst comment also lent the papers from Ströer Schub. The shares rose by a good three percent and thus took first place in the MDax, after the British investment bank Barclays had commented positively on the shares of the advertising marketer.

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