The US labor market report has given investors in the German stock market confidence today.
However, the data could not provide any fresh momentum.
Frankfurt / Main - The Dax maintained its gains and gained a good half a percent to 15,689.97 points in the afternoon.
For this week, too, a profit of a good half a percent is emerging.
The MDax of the medium-sized values advanced by 0.63 percent to 34,469.93 points.
The EuroStoxx 50, the leading index for the Eurozone, recently rose by 0.46 percent to 4097.72 points.
The US labor market 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 addition, hourly wages in the US rose as expected in June. So there was no negative surprise here either. If wage pressure had been high, this could have fed investors' concerns about inflation, which have now subsided.
At the top of the Dax, the shares of the food supplier Delivery Hero continued their recovery after an optimistic study by the US bank JPMorgan with a plus of 1.72 percent.
At the end of the index, the shares of the dialysis specialist Fresenius Medical Care (FMC) lost 1.70 percent after news of the annual discussion about the reimbursement rates in the state health system in the USA.
A sell recommendation by the investment bank Goldman Sachs weighed on the shares of specialty chemicals company Evonik, which are listed on the MDax.
They fell one and a half percent.
On the other hand, Pareto Securities issued a buy recommendation for the green electricity producer Encavis, which gave the shares a price increase of more than two percent.
The euro was last traded at $ 1.1841.
The European Central Bank had set the reference rate the previous day at 1.1884 dollars.
On the bond market, the current yield on German government bonds fell from minus 0.28 percent to minus 0.31 percent.
The Rex bond index rose 0.18 percent to 144.97 points.
The Bund future gained 0.30 percent to 173.13 points.
dpa
