At the end of a weaker week so far, the German stock market was boosted by a recovery in US stock markets and good news from Apple. The iPhone manufacturer impressed with its quarterly figures, outlook and an announced stock buyback worth a record $110 billion. The US labor market report due this afternoon could provide fresh impetus.
The Dax rose by 0.37 percent to 17,963.45 points in the first minutes of trading on Friday. Nevertheless, this indicates a weekly loss of around one percent for the German leading index. The MDax, which represents medium-sized German stock exchange companies, gained 0.36 percent to 26,347.16 points in the morning. The Eurozone leading index EuroStoxx 50 rose by around 0.3 percent.
