The calming of the situation in the banking sector continued to drive the German stock market on Friday. The leading index Dax continued its recent recovery and rose in early trading by 0.97 percent to 15,111.96 points.
Before the weekend, the central bank bailouts for the ailing major Swiss bank Credit Suisse and the interest rate decision by the European Central Bank (ECB), which had caused a positive reaction on the financial markets, continued to have an effect.
In the fight against high inflation, the currency watchdogs were undeterred by problems in parts of the US banking industry. Added to this was billions in support from the largest American financial institutions for the US regional bank First Republic, which had gotten into trouble as a result of the recent turbulence in the financial sector.
The MDax of medium-sized companies rose in the first few minutes of trading by 0.68 percent to 27,227.52 points. The trading day also got off to a good start in Europe: the EuroStoxx 50, the leading index in the euro zone, rose by 1.06 percent to 4160.62 points.
