FRANKFURT (dpa-AFX) - Ahead of the US labor market report in the afternoon, investors are unlikely to make any major bets on the DAX on Friday. Two and a half hours before the start, the broker IG estimated the leading German index to be ten points higher at 18,586 points. On a weekly and currently monthly basis, the leading German index is down around 1.7 percent, although it had risen almost to 19,000 points in the meantime.
The US jobs data is the clear highlight of the week. Investors are hoping for signals for US interest rate policy for the rest of the year. If the August data does not come as a clearly positive surprise, but rather signals that the recent negative trend will continue, the camp of those expecting rapid Fed rate cuts will be able to cite strong additional arguments, Commerzbank's currency market experts recently wrote./ag/stk