FRANKFURT (dpa-AFX) – The prices of German government bonds hardly moved on Friday. The trend-setting Euro-Bund future rose slightly by 0.05 percent to 128.62 points in the morning. The yield on the ten-year federal bond was 2.715 percent.
The US job data for September had provided little impetus the day before. After the end of the standstill by the US authorities in the wake of the budget dispute, the fog surrounding economic development is beginning to clear somewhat, according to the Helaba experts. However, the publication of the data will probably take a long time. The October job data will not be on the agenda until mid-December, i.e. after the US Federal Reserve’s next interest rate decision. It remains uncertain whether the key interest rate in the USA will fall again in December.
Purchasing manager data from the morning could provide impulses Eurozone care for. The environment is likely to continue to be difficult for the industry. For service providers, however, things have looked a little better recently; However, on average, economists no longer expect a further improvement in sentiment./jha/stk