German DAX Edges Higher Ahead of US Jobs Report

German DAX Edges Higher Ahead of US Jobs Report

30 PM local time, the benchmark index was calculated at approximately 23,815 points, representing a 0 Around 12:30 PM local time, the benchmark index was calculated at approximately 23,815 points, representing a 02 percent increase from the previous day’s closing level

Leading the gains were shares of Infineon, Rheinmetall and Daimler Truck Conversely, Beiersdorf, Bayer and Henkel found themselves at the lower end of the performance spectrum

Market analyst Andreas Lipkow noted a general sense of restraint among investors as the week drew to a close “Market participants are displaying a degree of caution” he stated, adding that many investors are preferring to remain on the sidelines ahead of crucial US employment data

Lipkow further observed that trading volume was relatively thin, with Daimler Truck, Infineon and banking stocks attracting buying interest, while shares of Beiersdorf, Bayer and Henkel were subject to selling pressure “No clear trend is discernible and this is reflected in the performance of individual stocks” he commented

The Euro also strengthened during Friday afternoon trading One Euro was valued at 11695 US dollars, while one US dollar fetched 08551 Euros