Frankfurt Stock Exchange Continues Record-Breaking Rally Amid Robust US Job Growth
On a day that began with a dampened mood following the release of the US labor market data, the Frankfurt stock exchange quickly rebounded, continuing its record-breaking rally. The DAX commenced with a slight gain of 0.1 percent at 16,644.62 points and by the close of trading had risen by 0.78 percent to 16,759.22 points. In an impressive show of resilience, the DAX even set a new all-time high during the day at 16,782.72 points, surpassing its previous record set on Wednesday at 16,727.07 points.
Labor Market Data Fuels Market Rally
The robust job growth in the US in November, which resulted in the creation of 199,000 new jobs, suggests that the Federal Reserve is likely to maintain its tight monetary policy. This number, reported by the US Labor Department, slightly exceeded the 190,000 job increase expected by economists surveyed by Dow Jones…
