Dax ends the week with a loss | Gains on Friday do not lift index significantly (96 characters)

Dax ends the week with a loss | Gains on Friday do not lift index significantly (96 characters)

The Dax recorded price gains on Friday, but these were not enough to compensate for the overall poor weekly result. Despite an increase of 0.59 percent, the leading German index closed at 18,001.60 points and lost 0.9 percent for the week. In comparison, the MDax gained 0.18 percent on Friday and reached 26,300.82 points.

US labor market data for April was disappointing, with lower-than-expected job growth and a slight increase in the unemployment rate. Although there were initial suspicions that the US Federal Reserve might consider cutting interest rates, the Purchasing Managers' Index (ISM) countered with an unexpected increase, dampening this expectation.

Henkel shares rose to their highest level in over two years due to optimistic annual targets, with particular importance being attached to the Executive Board's increase in sales and margin targets. Defense companies such as Rheinmetall, Hensoldt and Renk recovered from previous losses on Friday, rising between 4.7 and 7.7 percent.

Daimler Truck, on the other hand, recorded a share price decline of almost four percent due to information about the challenging development in Europe. In the MDax, Sixt and Aurubis performed negatively, with capped annual targets and a sell vote causing Sixt shares to fall by 12.7 percent and Aurubis to fall by eleven percent.

At the European level, the EuroStoxx rose by 0.6 percent, as did the stock exchanges in Paris and London. In the USA, the stock markets also recorded gains, with the Dow Jones Industrial most recently rising by 1.2 percent. The euro temporarily rose above $1.08 before stabilizing at $1.0772. Regarding the bond market, the current yield fell while the Rex bond index rose slightly.