FRANKFURT (dpa-AFX) – After the price rally on the previous day, investors are likely to take it slower on the German stock market on Friday. Just under an hour before the start of Xetra, the X-Dax (DAX 40) for the leading index signaled a minus of 0.2 percent to 15,479 points. He thus remains within reach of his previous year’s record, which he set the day before with around 15,521 points. The Eurozone leading index EuroStoxx 50 (EURO STOXX 50) is expected to be 0.3 percent weaker on the last trading day of the week.
After the interest rate decisions of the central banks in the USA and the euro zone are ticked off and hope is growing that the interest rate spiral could soon come to an end, before the end of the week with the US labor market report the next important economic data are due with perhaps new insights into further interest rate policy.
In the technology sector, which dominated the rally in New York the day before, disappointing quarterly figures from the USA are likely to dampen sentiment again. Apple, Amazon and Alphabet (Alphabet A (ex Google)) were not convincing after the previous day’s Meta (Meta Platforms (ex Facebook)) euphoria.
Deutsche Bank (Deutsche Bank) shares stabilized after their recent price slide with a modest gain on Tradegate. Infineon, on the other hand, gave way after the previous day’s rally in view of the somewhat waning euphoria in the technology sector./ajx/jha/