Frankfurt / Main (dpa) - The Dax recovered somewhat from its recent losses on Friday. The leading German index rose by 0.64 percent to 10 402.88 points in the early afternoon, after which it had even skyrocketed by around 2 percent.
With 10,160 points, the Dax had dropped to its lowest level in five weeks on Thursday. So far, there has been a minus of almost five percent on a weekly basis.
For the MDax of medium-sized stocks, it rose by 0.75 percent on Friday to 23 166.73 points. The EuroStoxx 50, the leading index of the euro zone, was minimally in the red.
In the Dax, preference shares of Volkswagen (VW) rose by more than two percent. The bargain hunters were not put off by the fact that sales in Wolfsburg had come under severe pressure in April due to the corona restrictions.
Otherwise the music played in the second row, where positive business figures drove Gea and Varta's papers. The battery manufacturer Varta started the new financial year robustly. The company confirmed the outlook for the current financial year. The papers rose by around six percent.
The mechanical and plant engineering company Gea, which is currently being converted, defied the corona crisis in the first quarter and increased its operating profit significantly. Gea's share certificates soared at the top of the MDax by a good 9 percent.
The current yield on the bond market fell from minus 0.53 percent the previous day to minus 0.54 percent. The Rex index rose by 0.02 percent to 145.46 points. The Bund future advanced 0.30 percent to 174.16 points. The euro was trading at $ 1.0825 in the early afternoon. The dollar thus cost 0.9234 euros. The European Central Bank set the reference rate on Thursday at $ 1.0792 (Wednesday: 1.0875). The dollar had thus cost 0.9266 (0.9195) euros.