German Stock Exchanges on the Rise After Apple's Strong Figures

Driven by positive developments in the US markets and encouraging corporate news from technology leader Apple, the German stock market demonstrated resilience. The California-based giant managed to excite investors with impressive quarterly figures, a solid business outlook, and the announcement of a historic stock buyback program worth 110 billion US dollars. In addition, the labor market report from the USA, published in the afternoon, could bring additional momentum into the trading day. The DAX gained 0.37 percent in the opening minutes of Friday's trading and reached the mark of 17,963.45 points. Despite this uptick, a weekly deficit of approximately one percent is to be noted. The MDAX, the index representing the stock market performance of mid-sized German companies, recorded a gain of 0.36 percent, climbing to 26,347.16 points. The EuroStoxx 50, the leading index of the Eurozone, also saw a growth of around 0.3 percent, signaling a slight increase in optimism at the European level.