DAX futures live prices narrowed earlier gains after mixed corporate earnings from top German tech firms. However, momentum indicators still point to potential upside if the 50-day moving average holds above 18,190 points. If Friday’s job numbers prove too strong, they could make the Fed less willing to cut rates. That could hurt stocks, which already face criticism that they’ve become too expensive following their big rally. If the job numbers are too weak, they could mean a recession that would hurt stock prices on its own. On Monday, as he signed an executive order directing the US Treasury and Commerce departments to launch a new sovereign wealth fund, he said of TikTok that "we might put that in the sovereign wealth fund, whatever we make or we do a partnership with very wealthy people, a lot of options," according to a report from the Associated Press. With European equities in focus, DAX futures live opened the session at 18,230, driven by risk-on sentiment following softer US inflation data. Market chatter sees institutional buying in financial and real estate sectors as stabilizing forces.
