the DAX opened a little tighter and then searched for a direction for a long time. During the course of the day he decided to go upstairs. At the end of trading, the leading index was still 0.22 percent higher at 14,446.48 points. the TecDAX rose somewhat higher in Friday trading and then – after losses in the meantime – moved around its previous day’s close.
“Geopolitical concerns continue to weigh on investor sentiment,” said Credit Suisse experts, according to dpa-AFX. However, Russia has announced a cease-fire on the badly damaged southern Ukrainian port of Mariupol, allowing for the evacuation of residents.
Russia’s announcement that it would only deliver gas to Western countries if they settled payments via Russian accounts also drew attention. “The days in which the German economy can use Russian gas to maintain the value chains for many products could be numbered,” warns market strategist Jürgen Molnar of Robomarkets, according to dpa-AFX.
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the EuroSTOXX 50 gained slightly at the start of trading and then initially hovered around the zero line. However, the index subsequently posted gains.
On Friday, too, the focus was on the Ukraine war and, in this context, a conference between EU representatives and China. In addition, some economic data were on the program, including the Consumer prices in the euro zone for Marwhich had risen more than expected, and the US employment report for March.
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the Dow Jones increased by 0.18 percent to 34,740.89 points at the start. After that, he initially remained on green territory, but then fell into the red. Recently it went back up a bit. the NASDAQ Composite The pair started trading 0.34 percent higher at 14,269.53 points and then maintained its positive bias.
In addition to the war in Ukraine and all its consequences, concerns about inflation are omnipresent on the market. The turnaround in interest rates recently initiated by the US Federal Reserve prompted many investors to part with tech stocks in particular.
Before the start of the stock market, economic data was labor market report for the month of March. The US Department of Labor reported continued strong job growth, while the unemployment rate fell and hourly wages rose slightly. However, the good job market is fueling speculation among investors that the Fed will raise interest rates.
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The leading Japanese index Nikkei closed 0.56 percent lower at 27,665.98 points.
In mainland China, the Shanghai Composite 0.94 percent higher at 3,282.72 points into the weekend. He was filming in Hong Kong hang seng was still up in late trading and ended the session up 0.19 percent at 22,039.55 points.
The war in Ukraine and the associated economic concerns also determined trading on Friday. In addition, there were weak targets from the US stock exchanges. The slightly falling oil price again had a somewhat supportive effect.
However, economic data weighed on sentiment. In China, the Caixin purchasing managers’ index fell even more than had been expected and is now below the so-called expansion threshold. In Japan, however, the Tankan report was not as bad as expected. Nevertheless, the mood index determined there for the large production companies fell clearly in March.
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