Nothing going on in the DAX without US markets

Due to the shortened trading in the USA yesterday, Thursday, which paid its last respects to the late former US President Jimmy Carter, there was also little volatility on the European stock markets. The DAX is literally standing still and moved by just -0.06 percent until the end of trading. The closing price was 20,317.10 points.

Accordingly, the stock markets are expected to be somewhat more volatile again today and the DAX still has a very good chance of reaching a new all-time high over the weekend. The labor market data from the USA, which will be published today at 2:30 p.m., could support this plan. 164,000 new jobs are expected to be created and the market should react relatively positively if there are actually fewer jobs than expected. The current problem is that the market is reacting quite pessimistically to anything that could reinforce the Federal Reserve's conservative stance of not lowering interest rates more quickly. For this reason, the markets could actually continue to decline if the labor markets deliver good figures. This would then also make it difficult for the DAX to report new record highs in such an environment.

Among the individual stocks, E.ON's share is under pressure. In this case, it was enough that a negative analyst rating put pressure on investors and the share was already under pressure early on Friday morning. Meanwhile, Heidelberg Materials' share was able to record further gains yesterday. The company is approaching its all-time high and could therefore trigger further buying interest on the market.

At the bottom of the DAX list was the RWE share, which ended yesterday's trading day with a loss of 2.5 percent. The share is still on a downward trend and has yet to prove that it has bottomed out.

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