Stock market barometer reaches new all-time high - US tech giants provide tailwind, but US labor market data slows DAX rally.

Stock market barometer reaches new all-time high - US tech giants provide tailwind, but US labor market data slows DAX rally.

According to a report by www.finanzen.net,

The German stock market experienced an upswing before the weekend, with the DAX temporarily reaching new records. The DAX started the trading day 0.7 percent higher at 16,977.75 points. Ultimately, the DAX gained 0.35 percent to 16,918.21 points and reached a new all-time high with the daily high of 17,004.55 points.

The good guidance from New York and the strong figures from two technology giants, Amazon and Meta, caused share prices to jump and had a positive influence on the mood on the NASDAQ stock exchange. Nevertheless, cautious reactions were only observed at Apple.

However, the US labor market data slowed down the DAX rally. The unemployment rate was 3.7 percent in January and average hourly wages rose 0.6 percent, above expectations. In addition, 353,000 new non-agricultural jobs were created, far exceeding forecasts.

With regard to individual balance sheet values, the focus was on E.ON shares. The energy supplier exceeded its own targets with its annual figures and achieved a profit adjusted for special items that exceeded market expectations. The car manufacturer Mercedes-Benz also achieved unexpectedly high free cash inflows in its industrial business last year.

The facts show that the German stock market is influenced by external influences, particularly strong US company figures and labor market data. This impacts investor sentiment and behavior and can lead to increased volatility. In addition, positive company figures such as those from E.ON and Mercedes-Benz can strengthen investor confidence and influence share prices.