On Friday, German stocks experienced a rise, stimulated by the anticipated reductions in interest rates within the second quarter. Francois Villeroy de Galhau, a member of the European Central Bank (ECB) and the head of Bank of France, voiced that the central bank should gradually lower the rates rather than delaying till later this year.
During an interview with L'Echo, a Belgian newspaper, de Galhau cautioned that the risk of late action parallels the risk of premature action. Consequently, the DAX (German stock market index) rose by 92 points or half a percent, landing at 17,139 after a 0.6 percent increase in the preceding session.
Automotive supplier, Hella, despite reporting a boost in their full-year portfolio-adjusted sales and operating income, experienced a drop exceeding 2 percent. On a positive note, Volkswagen stocks rose by 1 percent following a deal with India's Mahindra & Mahindra to supply significant electric components for Volkswagen's open platform for electric vehicles (EVs).
