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%.
Hong Kong Shares Poised To End Two-Day Slide
China Stock Market May Stop The Bleeding On Thursday
Taiwan Stock Market May Extend Winning Streak
Singapore Stock Market May Extend Wednesday's Gains
Malaysia Bourse May Add To Its Winnings On Thursday
Higher Open Called For Japan Stock Market
KOSPI May Reclaim 3,200-Point Level
