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Deutsche Börse in Frankfurt am Main:
There are signs of gains on a weekly basis
Photo: Frank Rumpenhorst / picture alliance / dpa
A robust labor market report from the USA and slightly weaker than expected inflation in the euro zone gave the Dax a further boost on Friday.
The leading German index was again very friendly in the late afternoon at 1.1 percent and at times climbed above the 14,600 point mark.
He is heading for a strong first week of trading in the new year - the Dax has gained more than 4 percent within a week.
The MDax for medium-sized companies also rose sharply on Friday afternoon.
The Eurozone leading index EuroStoxx 50 recently gained 1.1 percent.
The US economy created more jobs than expected in December.
Outside of agriculture, 223,000 jobs were added, the Department of Labor announced on Friday in Washington.
On average, analysts had only expected 203,000 new jobs.
However, the increase in employment in the two previous months was revised downwards by a total of 28,000 jobs.
The separate unemployment rate fell surprisingly to 3.5 from 3.6 percent in November.
At the same time, wages rose less than expected, which brought relief with a view to the further development of inflation.
In addition, inflation in the euro region weakened more than expected in December.
Consumer prices rose compared to December 2021, but less significantly than in November and also less than expected by economists on average.
Car maker under pressure, Tesla lowers prices
Auto stocks came under pressure on Friday.
The papers of VW Holding
Porsche SE
,
Porsche AG
,
Mercedes-Benz
,
BMW
and
Volkswagen
occupied the last five places in the Dax with losses of 1.3 to 1.7 percent.
Dealers justified the subdued mood for the sector with Tesla's recent price cuts in China.
The Tesla share itself then continued its fall in price with a minus of around 5 percent and fell below the 100 euro mark in European trading for the first time in more than two years.
asked Fresenius
Fresenius
, one of the top values in the Dax, rose by 1.2 percent and reached its highest level since July 2022. The major Swiss bank UBS had raised its target price and reiterated its buy recommendation.
Analyst Graham Doyle emphasized the chances of the infusion subsidiary Kabi and their strategic possibilities positively.
The papers of
Deutsche Post
fell by 1.4 percent and were among the bottom of the Dax.
With a view to a possible sale of the logistics company Schenker by Deutsche Bahn, analyst Samuel Bland from JPMorgan brought Deutsche Post DHL into play in addition to the Danish DSV.
Bland values Schenker at around 15 billion euros and considers the Danish group to be the more likely buyer.
In addition, the collective bargaining demands of the Verdi union for postmen and parcel deliverers are in view at the post office.
Verdi is demanding 15 percent more for around 160,000 domestic employees.
Rheinmetall surprisingly presents annual figures
Rheinmetall
shares
rose by 2.8 percent in the MDax.
The armaments group had surprisingly presented preliminary annual figures in the early afternoon, which, however, fell short of the average analyst estimates.
However, one trader emphasized that missing targets was only due to delays in deliveries and not missing orders.
Rheinmetall shares had previously benefited from deliveries of Marder armored personnel carriers to Ukraine.
In addition, Rheinmetall is seen as the successor to Linde in the Dax as soon as the industrial gases manufacturer and plant manufacturer in this country goes public.
Delivery Hero
brought up the rear with minus 3.9 percent
.
CFO Emmanuel Thomassin sold shares in the online food supplier worth around 1.4 million euros.
US gains, Tesla stock in focus
The current job data from the USA reassured investors on Friday in a first reaction.
The New York indices, which have started the new year relatively weakly so far, are clearly in the black after initial fluctuations in the course of the publication: The
Dow Jones Industrial
rose by 0.38 percent to 33,055 points.
The tech-heavy
Nasdaq 100
gains 0.6 percent to 10,363 points.
On the corporate side, all eyes were on the recently shaken
Tesla
shares.
With a price slide of 5.5 percent, they are approaching the $100 mark for the first time since August 2020.
Investors are fleeing the shares because the electric car maker obviously has to accept ever higher price cuts in order to get rid of its vehicles in China.
The group has to defend itself there from increasingly strong domestic competition from providers such as BYD, Xpeng or Nio.
Asia stock markets up
Asian stocks gained on Friday as the dollar lingered at a monthly high.
The Tokyo stock exchange showed stronger on Friday.
The 225 Nikkei Index closed 0.6 percent higher at 25,975 points.
The broader
Topix index
also rose 0.6 percent to close at 1880 points.
The
Shanghai
stock exchange was up 0.4 percent.
The index of the most important companies in
Shanghai and Shenzhen
gained 0.6 percent.
Bitcoin hardly changed
The digital currency Bitcoin continues to hover around the 17,000 US dollar mark.
Most recently, the cyber currency on the Bitstamp trading platform was almost 0.2 percent lower at $ 16,782.
Bitcoin hit a record high of $69,000 in November last year.
Oil prices go up a bit
Oil prices rose on Friday.
A barrel (159 liters) of the North Sea Brent variety recently cost 79.30 US dollars.
That was 61 cents more than the day before.
The price of a barrel of American West Texas Intermediate (WTI) grade rose 58 cents to $74.25.
This allowed oil prices to recover somewhat from the significant losses of the first trading days of the new year.
Crude oil from the North Sea has become cheaper by more than 7 percent since the beginning of the year.
Among other things, weak economic data from China weighed on oil prices as they fueled concerns about weaker demand in the world's second largest economy.
Market observers also referred to the recent development of oil reserves in the USA.
This slowed down the recovery in oil prices before the weekend.
U.S. oil reserves rose 1.7 million barrels to 420.6 million barrels last week, according to US government data from the previous day.
Higher inventories of crude oil in the world's largest economy usually weigh on oil prices.
With news agencies
