Equities New York Outlook: Dow slightly up

NEW YORK (dpa-AFX) – A friendly opening is expected on the US stock exchanges on Friday after the labor market data. During the Dow Jones Industrial the broker IG estimated a plus of 0.3 percent a good half an hour before the start, the estimate for the technology-heavy Nasdaq 100 index was with a plus of about half a percent.

Outside of agriculture, slightly fewer jobs were created in the US than analysts expected. Initially, this did not stir up any new inflation worries among investors and thus no additional fear that the US Federal Reserve will soon have to counteract its extremely loose monetary policy.

According to Helaba, the discussion about a tighter monetary policy is unlikely to receive any new impetus. The result is also disappointing against the background that the report by the private service provider ADP on Thursday pointed to significantly higher employment. “The Fed is still a long way from achieving its targets and there will be no immediate tightening of monetary policy,” the experts said.

On the corporate side, AMC continues to attract a lot of attention from investors. The share remains an extremely popular object of speculation with private US investors. Before the trading session, with a discount of 5.4 percent, it followed on from its setback from the previous day, when the cinema chain had successfully used the price that was recently multiplied to fill its own box office.

With a slight plus, the Facebook share showed itself to be stable before the trading day, although the EU Commission is starting a formal investigation against the social network on suspicion of competition violations in the classified advertising service “Facebook Marketplace”.

A big loser was Pershing Square Tontine shares. At a discount of ten percent, they suffered from the fact that the financial vehicle is about to buy a ten percent stake in the Universal Music division of the French media group Vivendi.

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