Stocks – Almost no movement on the stock market – economy

Even after the release of the US Labor Market Report, equity investors held back their buying. Of Dax ended trading down 0.3 percent to 15,206 points. Contrary to expectations, the situation on the US labor market improved only slightly in September. Only 194,000 new jobs have been created outside of agriculture, as the government announced in Washington on Friday. Economists counted 500,000. The US Federal Reserve is watching the numbers closely. A sustained recovery in the labor market is a prerequisite for the Fed to soon be able to reduce its massive injections of economic stimulus. US Federal Reserve Chairman Jerome Powell had said that in view of the labor market target, a “decent” labor market report in September would suffice.

At the weekend, real estate companies, among others, were in the spotlight among individual stocks. The prospect that competitor Vonovia might enter has pushed shares of the Adler Group up twelve percent. The papers of the Dax Vonovia group lost 1.5% of their value. Among Dax’s big favorites were Daimler shares with a 2.6% increase. Big Swiss bank UBS recommended buying the shares. Analyst Patrick Hummel expects production from the automaker, which is currently still affected by the chip crisis, to pick up. This could make 2022 a banner year for Mercedes-Benz. A positive comment from analysts also gave Ströer stock a boost. Shares rose 4.6% to take first place in M-Dax after UK investment bank Barclays commented positively on the advertising distributor’s shares.

Relaxed quarantine regulations for travel to Britain have helped shares in British Airways parent company IAG to rise at times around 3%. Ryanair papers are up to 1.4% firmer. Transport Minister Grant Shapps announced Thursday that 47 countries will be removed from the red list, including South Africa and Thailand.

On Wall Street it was moving Dow jones in a narrow range and closed almost unchanged at 34,746 points.

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