German equities remained relatively stable on Friday, as ongoing tensions in the Middle East continued to weigh on the markets. Investors were particularly focused on the forthcoming U.S. employment report, anticipated later in the day, which has significant implications for the future of U.S. interest rate policy.
Current forecasts from economists suggest that the report will indicate an increase of 140,000 jobs for September, building on the previous month's increment of 142,000 jobs. The unemployment rate is expected to remain consistent at 4.2 percent.
Meanwhile, the dollar held steady near a recent six-week peak, and oil prices leveled off after a 5 percent surge the day before. This rise followed U.S. President Joe Biden's remarks regarding potential Israeli strikes on Iran's oil sector.
The DAX index saw a slight uptick, closing at 19,023, a modest recovery following a 0.8 percent decline in the earlier trading session.
