Investors' renewed confidence in the economy drove the German stock market towards the end of the week. The leading index Dax accelerated its recovery and rose by 1.20 percent to 15,511.74 points by early Friday afternoon after making up for its initial losses on Thursday and closing moderately positive. On a weekly basis, this indicates an increase of around 2 percent.
The MDax for medium-sized stocks gained 1.52 percent to 28,879.86 points. The euro zone leading index EuroStoxx 50 went up by 0.88 percent.
At the top of the Dax, the preferred shares of Volkswagen (VW) skyrocketed by almost eight percent. The carmaker presented an outlook and surprised positively with its dividend proposal. Lufthansa shares rose in the MDax and at the end of the week were listed above 10 euros for the first time since 2020. Most recently, there was an increase of almost six percent. After two years of losses in the Corona crisis, the airline again achieved a profit in the billions in day-to-day business in 2022.
The euro recovered somewhat from the previous day's losses and was last listed at 1.0629 US dollars. The European Central Bank (ECB) had fixed the reference rate on Thursday at 1.0605 (Wednesday: 1.0684) dollars. The dollar thus cost 0.9430 (0.9360) euros.
On the bond market, the current yield fell from 2.79 percent on the previous day to 2.74 percent. The Rex pension index rose by 0.22 percent to 123.42 points. The Bund future gained 0.33 percent to 131.95 points.