The US labor market report gave investors in the German stock market confidence on Friday. However, the data could not bring any fresh momentum. The Dax maintained its gains, increasing 0.3 percent to 15,650 points on Friday. The labor market in the US is recovering vigorously, and there is acute pressure to act on the US central bank, the Fed, to deviate from its ultra-expansionary monetary policy, said analyst Ralf Umlauf from Landesbank Helaba.
Because there were still many millions of jobs missing. In the Dax, the shares of Delivery Hero expanded their profits after a price target increase by the US bank JP Morgan by 3.5 percent and thus conquered the top of the index. Analyst Marcus Diebel praised the meanwhile attractive rating of the food supplier’s title compared to the industry. The profits of the car manufacturers, which were initially in demand across Europe because of their strong sales figures, declined; Daimler recently made the most significant progress with a premium of 0.3 percent. At the end of the index, dialysis specialist FMC came under pressure and fell 2.1 percent according to reports on the annual discussion about the reimbursement rates in the state health system in the USA. One trader said the proposed increase in payments was less than hoped and is likely to provide less impetus than in previous years. In the M-Dax, Evonik shares suffered from a negative vote by the US investment bank Goldman Sachs and, as one of the worst, lost almost two percent. Analyst Georgina Iwamoto spoke out in favor of selling the shares after she had previously given a buy recommendation.
Grenke shares were among the favorites in the S-Dax with a plus of 2.6 percent. Investors reacted relieved to the news that the leasing company, which had hit the headlines because of alleged balance sheet tricks, was able to keep new business stable. Mister Spex’s papers were also in demand. When they went public, they rose to 26 euros and were thus four percent above their issue price of 25 euros. The issue of the online optician was worth 375 million euros.
Wall Street’s stock exchanges were friendly. The Dow Jones finished trading 0.4 percent higher.