In the European session, the German Benchmark Index traded above 18,300 levels.
Friday saw a notable upsurge in European stocks, surpassing their Wall Street counterparts. This surge was chiefly driven by strong demand for shares of export-oriented companies, fueled by a weakening of major European currencies against a strengthening US dollar.
The Stoxx share index, encompassing a wide range of equities, surged by an impressive 1% during early trading hours. This increase was largely attributed to favourable exchange rate dynamics, which enhanced the value of exporters’ earnings denominated in dollars.
Notably, Germany's benchmark DAX rose by 1.10%, buoyed by the release of German CPI M/M figures, which came in at 0.4% versus the expected 0.4%.
