The stable American labor market secured a weekend reconciliation on the German stock exchange on Friday. Employment in the United States increased more than expected in June. This helped DAX gain 1.34 percent to 13,015.23 points. He left 13,000 points back again.
On a weekly basis, that means an increase of one and a half percent. The MDAX of medium-term stocks rose 1.70 percent to 26,300.66 points on Friday.
“Even though other US economic indicators had weakened recently, the labor market remained stable in June. There is no sign of a slowdown,” commented economist Christoph Balz from Commerzbank on US data. However, at the same time there was a threat of a significant wage increase, which is why the US Federal Reserve will continue to raise interest rates rapidly.
Emphasis was once again on the sick Uniper gas importer. After pushing for Russian gas supply and jumping on related prices, the group submitted an application to the federal government for measures to stabilize the government. The proposal is likely to result in the federal government taking over shares in the company. Uniper also recommends being able to pass on prices to customers. This is intended to offset significant losses and gain liquidity. Uniper stock prices increased slightly.
Shares from the VW Group led in the DAX. The good news about the IPO brand of the Porsche sports car brand provided a high level of quality. Porsche Holding sheets and Volkswagen’s proposed shares each rose by almost six per cent. With the Porsche brand IPO, VW could add additional values, dealers said.
Shares of TAG Immobilien lost more than six percent after the decision to increase capital as a light of MDAX. The move is used to finance the acquisition of Robyg’s Polish company.
TAG real estate
Investors repossessed Südzucker shares after Warburg Bank advised the sale. Profitability had already begun the day before the sugar producer published the quarterly figures. Südzucker shares lost another eight percent on Friday.
(With material from dpa-AFX)