FRANKFURT (dpa-AFX) – With a relatively uneventful Friday, the DAX ended another week of gains. The German benchmark index fell 0.08 percent to 24,304.46 points. However, it remained within striking distance of the record high of 24,479 points set the previous day in the wake of the European Central Bank’s latest interest rate cut. Over the past week, the DAX gained 1.3 percent.
The index was held back by profit-taking on Rheinmetall shares, among other things. The US labor market report had initially had little impact on the leading index in the afternoon. However, when the US stock markets picked up speed, it was able to almost offset its previous losses. The MDAX fell by 0.84 percent to 30,875.14 points on Friday.
More jobs were created in the US in May than expected. According to NordLB analyst Tobias Basse, this can be considered a slightly positive surprise after the recent weak data from private job service…
