Of the DAX started trading a little stronger and then continued to make profits. In the process, he climbed again above the 15,500 point mark. In the evening there were still gains of 0.81 percent to 15,587.36 points on the price board. Of the TecDAX rose slightly at the opening, but was then well above its previous day’s level. Ultimately, it went up 0.40 percent to 3,726.24 points.
Good input from Asia and the USA supported the German stock market. “The DAX remains in rally mode,” explained portfolio manager Thomas Altmann from QC Partners to dpa-AFX. The reasons for the rapid recovery are the turnaround in the interest rate market and the positive start to the reporting season.
Christian Henke from Broker IG doubted whether the recovery would be sustainable. “Nothing has changed about the problems that have existed for weeks.”
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Of the EuroSTOXX 50 was slightly higher at the start of trading and remained on green territory as the year progressed. In the evening he showed surcharges of 0.82 percent to 4,182.91 points.
The strong start to the US reporting season and good targets from overseas drove the European stock exchanges further on Friday. In addition, the import and export prices for September from the USA attracted a lot of attention in the afternoon. In addition, sales figures from US retail and consumer sentiment from the University of Michigan were published.
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The leading US index Dow Jones started trading on Friday by 0.32 percent to 35,023.63 points and can then continue to fight its way into the profit zone. The tech value index NASDAQ Composite also started 0.46 percent firmer at 14,891.24 meters. In the further course it retains its positive tendency.
Investors have already fully committed themselves to the balance sheet season that has just begun. When companies submit their numbers, particular attention is paid to how inflation and supply chain problems have reflected in the operating results. This Friday, the major bank Goldman Sachs published theirs Key figures for the third quarter.
Strong US retail data released pre-market should also act as a driver. Furthermore, import prices could rise a little less than previously assumed. The New York economic index, on the other hand, was weaker than forecast by the experts.
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The leading index rose in Japan Nikkei up to the final bell by 1.81 percent to 29,068.63 counters.
The went on the Shanghai Stock Exchange Shanghai composite 0.40 percent higher at 3,572.37 index points into the weekend. In Hong Kong the pointed Hang Seng ultimately a profit of 1.48 percent on 25,330.96 positions.
Good guidance from the US stock exchanges, a positive start to the reporting season there and better than expected data from the US labor market also had a supportive effect in Asia. In China, however, concerns about slower GDP growth weighed on markets somewhat.
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