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DAX Roughly Flat In Cautious Trade
(RTTNews) - German stocks are up marginally in cautious trade Friday morning as investors await U.S. non-farm payroll for some clarity about the outlook on Federal Reserve's possible moves with regard to interest rates.
The mood is quite subdued amid a lack of fresh economic and corporate news, and due to the yields on Germany's long-term 10-year bond hitting muti-month highs.
The U.S. jobs report may reveal a moderation in job growth for December, but the jobless rate is seen holding at 4.2%, supporting the Federal Reserve's cautious stance on interest rate cuts this year.
The benchmark DAX was up 3.53 points or 0.02% at 20,322.90 a little while ago.
Deutsche Telekom is up 1.5%. Continental is gaining about 1.2%, while Fresenius Medical Care, Mercedes-Benz, Siemens Energy, Bayer and Symrise are up 0.5 to 0.7%.
Zalando is declining by about 2.7%. E.ON is down 2%, while Porsche, RWE, Puma, Munich RE, Daimler Truck Holding and HeidelbergCement are down 0.6 to 1.5%.
Midcap stocks Kion Group, Freenet and Nordex are gaining 1%, 1.2% and 2.3%, respectively. Delivery Hero is down nearly 1%.
Soft Start Expected For Hong Kong Stock Market
Steady Start Eyed For China Stock Market
Australian Market Sharply Lower
Losing Streak May Continue For Singapore Stock Market
Renewed Consolidation Called For Malaysia Shares
Japan Shares May Be Stuck In Neutral On Thursday
Exporters Likely To Weigh On South Korea Shares
