On Thursday, German stocks saw a slight upturn as investors awaited pivotal inflation data from the U.S. and Eurozone to understand the direction of future interest rates.
In a parallel development, more German factories reported an increment in material shortages in February. This rise is attributed to disruptions in supply chains caused by geopolitical discord and strikes, as revealed by a survey conducted by the Ifo Institute.
Moreover, Germany's retail sales exhibited an unforeseen fall in January, as per the data released by Destatis. A 0.4 percent drop was noted from the preceding month, contrary to the projected increase of 0.5 percent.
The principal DAX was up by 40 points or 0.2 percent, reaching 17,641 after Wednesday's ascent of 0.3 percent.
Addressing corporate happenings, Nivea's producer, Beiersdorf's stocks dropped by a significant 4.2 percent following a warning about decelerating sales growth.
Simultaneously, Aixtron, the semiconductor parts manufacturer, saw its shares plummet by 13 percent, despite its fourth-quarter revenue exceeding expectations.
Contrarily, German wind turbine manufacturer, Nordex, saw an uptick of 3 percent in its stocks after it managed to reduce its net loss for the full year.
