DAX returns above 25,000 ahead of US jobs data after closing below key level
Germany’s DAX moved back above 25,000 on October 2 ahead of US employment data, according to tagesschau. The recovery followed its first close below that level since July, with the broadcaster citing rising energy prices and bond yields as pressures on stocks.
The WORLDIVA newsletter
The most important stories, straight to your inbox. No account needed.
Germany’s DAX regained the 25,000 mark on October 2, tagesschau reported, reversing the previous day’s move below that threshold.
In its October 1 report, the broadcaster said the index had ended trading below 25,000 for the first time since July. It attributed weakness in the stock market to higher energy prices and further increases in bond yields.
The following morning, tagesschau reported gains ahead of the release of US employment figures. Investors were looking to the data for clues about the Federal Reserve’s monetary policy.
Original source
Related stories
Galeria files for fourth insolvency in six years, tagesschau reports
Amazon temporarily restores earlier Prime price for longtime customers after German ruling
