Dow gains 0.4% at 24,457 points

New York – Wall Street investors avoided the effects of global trade disputes on Friday, thanks to well-received labor market data. At the top, even up to 24,520 points, the Dow Jones Industrial still brought an increase of 0.41% to 24,446.48 points on the finish line. He thus increased his gain in this trading week to nearly 0.8%.

Other indices even performed better than the Dow: the S9000 gained 0.85% to 2759.82 points at and for the index of selection of the technology index Nasdaq 100 it even increased by 1.50% to 7207.33 points. There was good news here, especially in the biotech sector with a revival of Biogen's shares.

The New York Stock Exchange generally benefited from the fact that the US economy had created more jobs in June than expected. he was behaved. "This reduces inflationary pressure and therefore does not force the central bankers of the Fed in their rate hike," said a market observer.

The tariff dispute between China and the United States The investors had discussed for many days. They see the conflict as a threat to economic growth for some time. However, the Swiss bank Credit Suisse still gives the green light: According to market expert John Woods, recent economic data even announce an acceleration of momentum.

In terms of individual stocks, the biotechnology company Biogen a possible Alzheimer's drug on the Nasdaq with a jump of nearly 20%. Biogen and its Japanese partner Eisai have reported a significant reduction in BAN2401 antibody in a phase II study in the early stage of Alzheimer's disease.

Elsewhere, the flow of corporate-level messages was thin. Some companies with large global footprints have been affected by the trade dispute with China, according to investment dealers. In the Dow, for example, the title of manufacturer of construction equipment Caterpillar was one of the few losers in the index with less than 0.3%.

There was still speculation about joining JPMorgan at Deutsche Bank. However, the big American bank has denied the widespread interest by the "Wirtschaftswoche". For the newspapers of JPMorgan the rumors were not a price factor: with a modest premium of 0.33%, they were almost at the same level as the market.

US bonds were moving according to the Labor Market Report, little from the point of view. Ten-year senior bonds gained 1/32 points to 100 14/32 points. They paid 2.82%

The price Euro was, contrary to the US dollar, supported by the moderate wage developments in the United States. In addition, fueled by strong industrial data from Germany, New York paid $ 1.1744 for the common currency. The European Central Bank (ECB) had previously set the reference price at 1.1724 (Thursday: 1.1770) dollars. (AWP / mc / ps)

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