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Dax with profits: A trader on the Frankfurt Stock Exchange
Photo: Frank Rumpenhorst / picture alliance / dpa
The Dax is likely to continue the previous day's recovery on Friday.
Just under an hour before the start of trading, the X-Dax for the leading German index signaled an increase of 0.3 percent to 15,369 points.
Its eurozone counterpart,
the EuroStoxx 50,
is also expected to be moderately higher.
On Thursday, the leading German index made up for its daily losses and was 0.2 percent higher at 15,327 points.
On a weekly basis, the stock market barometer is 0.8 percent ahead.
It has been in a fairly narrow sideways movement since the beginning of February.
Lufthansa share up after returning to the profit zone
Among the individual values, the focus is on
Lufthansa
.
After two years of losses in the Corona crisis, the airline again made billions in day-to-day business in 2022.
The shares were listed on the trading platform 0.4 percent above the Xetra close from the previous day.
Infineon
announced a takeover in Canada.
With Gan Systems, a "worldwide technology leader in the development of gallium nitride-based solutions for energy conversion" will be acquired, the chip group announced.
This means that the shares on Tradegate rose by 1 percent.
The founder and main shareholder of the technology company
PVA Tepla
sold his entire remaining block of shares.
The measure increases the number of freely tradable shares and the liquidity of the paper.
Nevertheless, investors reacted clearly negatively: The share certificates on Tradegate fell by 10 percent.
Winning in the US
Persistently high interest rates only initially kept investors on the defensive on Wall Street on Thursday.
Ultimately, things went up significantly, including for the particularly interest-sensitive growth stocks.
The
Dow Jones Industrial
closed 1.05 percent higher at 33,003 points.
Thanks to price fireworks at
Salesforce,
the leading US index remained consistently positive, even though the yield on ten-year government bonds had climbed to its highest level since November.
The initial jobless claims confirmed that the tight monetary policy of the US Federal Reserve has so far had no visible impact on the booming job market.
The
S&P 500
gained 0.76 percent to 3981 points, winning the battle to break its 200-day moving average.
The technology selection index Nasdaq 100 rose 0.89 percent to 12,044 points.
After turning positive, it is again above the 200-day line, which technically oriented stock traders pay close attention to as an indicator of the long-term trend.
Wall Street pushes Asian stock markets
Most of Asia's major stock exchanges rose on Friday.
Tailwind came from Wall Street.
In Tokyo, the Japanese Nikkei 225 closed 1.6 percent higher.
The CSI index, which includes the 300 most important stocks on the Shanghai and Shenzhen stock exchanges, rose 0.3 percent in late trading.
The Hang Seng Index in the Hong Kong Special Administrative Region recently rose by almost 1 percent.
Bitcoin falls below $22,500
The digital currency Bitcoin fell significantly on Friday night and was last listed at 22,364 US dollars.
That was down 6 percent, but there are still signs of recovery over the past three months: In November 2022, the currency collapsed to around $16,000 under the impact of the collapse of the crypto exchange FTX.
A year earlier, bitcoin hit a record high of $69,000.
Oil prices fall
Oil prices were down slightly in early trading on Friday.
In the morning, a barrel (159 liters) of North Sea Brent for delivery in May cost 84.65 US dollars.
That was ten cents less than the day before.
The price for a barrel of the American West Texas Intermediate (WTI) variety for delivery in April fell by eleven cents to $78.05.
Investors in the oil market have received conflicting signals this week.
On the one hand, the latest surveys from China point to an imminent economic recovery, which would also benefit crude oil demand.
The background to this is the People's Republic's departure from the Corona policy, which had been very strict for a long time.
On the other hand, the US economy is surprisingly robust, while high inflation is only slowly declining.
The US Federal Reserve could therefore feel compelled to raise its interest rates more sharply in order to slow down economic momentum.
That would likely dampen oil demand as well.
With news agencies
