Dax Flat Amid US Jobs Data Release
Economy / Finance

Dax Flat Amid US Jobs Data Release

The DAX index experienced a subdued start to trading on Germany’s Day of Unity, demonstrating limited dynamism throughout the morning. By midday, the leading index was calculated at approximately 24,460 points, representing a marginal increase of 0.2 percent compared to the previous day’s closing level.

Commerzbank, Deutsche Bank and Daimler Truck were among the top performers on the exchange. Shares of the truck manufacturer had recently lost ground but appear to be initiating a recovery. Conversely, Zalando, Deutsche Börse and Bayer shares saw declines during the session.

Scheduled publication of US employment data, originally anticipated for the afternoon, will be postponed due to current budgetary constraints in the United States, leading to a temporary suspension of statistical releases.

The Euro showed a slight strengthening against the US Dollar on Friday afternoon, trading at $1.1736 (equivalent to €0.8521 per dollar).

Gold prices edged upwards, with a fine ounce fetching $3,863 (+0.2 percent), which translates to approximately €105.82 per gram.

Crude oil prices also saw an increase; a barrel of Brent North Sea crude traded at $64.51, a 40-cent or 0.6 percent gain compared to the previous day’s closing price.