The DAX started the session down 0.71 percent at 15,367.04 points.
US job market report fuels interest rate fears
On Thursday, the DAX reached 15,520 points, another high since mid-February 2022. He had thus expanded his rally at the beginning of the year to 11.5 percent. In the USA things went down on Friday – especially for technology stocks that were particularly in demand recently. According to Credit Suisse, the extremely strong US job market report has once again raised concerns about interest rates among investors. The data would have supported the assessment that the US Federal Reserve would continue its rate hike course to a level above 5 percent. The losers also dominated Asia’s stock exchanges in the morning.
Sentix data in focus
At the start of the week, stock market traders will be looking at fresh economic data. The expectations index of the investment consulting firm Sentix at the start of the week should show that investors in the euro zone are still hoping for a mild recession in February. German industry also provides insight into their order books.
Investors continue to hope for a better-than-expected accounting season. Copper group Aurubis, among others, provides insight into the books.
Editorial office finanzen.net / dpa-AFX / Reuters
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