{"id":10487,"date":"2021-06-04T08:56:46","date_gmt":"2021-06-04T08:56:46","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/06\/04\/dax-struggles-for-direction-ahead-of-us-jobs-data\/"},"modified":"2021-06-04T08:56:46","modified_gmt":"2021-06-04T08:56:46","slug":"dax-struggles-for-direction-ahead-of-us-jobs-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/06\/04\/dax-struggles-for-direction-ahead-of-us-jobs-data\/","title":{"rendered":"DAX Struggles For Direction Ahead Of US Jobs Data"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"divBody\">\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks struggled for direction in early trade on Friday as investors awaited the U.S. May payrolls data later in the day for directional cues. <\/p>\n<p>A strong reading may reinforce expectations the Federal Reserve would pare back its massive stimulus program sooner than expected. <\/p>\n<p>The benchmark DAX was marginally higher at 15,637 after rising 0.2 percent on Thursday.<\/p>\n<p>Lanxess AG shares were little changed. The U.K&#8217;s Competition and Markets Authority said that it is investigating the proposed acquisition of Emerald Kalama Chemical LLC by the German specialty chemicals company.<\/p>\n<p>Airline Lufthansa was moving lower as Britain added seven more countries to its &#8220;red list&#8221; of destinations that require hotel quarantine on return to England.<\/p>\n<p>In economic releases, German construction sector contracted further in May largely due to the supply chain bottlenecks, survey results from IHS Markit showed.<\/p>\n<p>The construction Purchasing Managers&#8217; Index fell to 44.5 in May from 46.2 in the previous month. This was the lowest reading since February, when the sector was impacted by a bout of severe wintry weather.<\/p>\n<p>There were marked decreases in activity across both the commercial and civil engineering categories. Housing activity continued to show a more resilient trend but was in negative territory. <\/p>\n<\/p>\n<\/div><\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>DAX Struggles For Direction Ahead Of US Jobs Data<\/a><br \/>\n<br \/>2021-06-04 08:56:46<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks struggled for direction in early trade on Friday as investors awaited the U.S. May payrolls data later in the day for directional cues. A strong reading may reinforce&#8230;<\/p>\n","protected":false},"author":2,"featured_media":10488,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-10487","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=10487"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/10487\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/10488"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=10487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=10487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=10487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}