German stocks experienced modest growth on Friday following the release of recent unemployment, import, and export price data.
According to figures from the Federal Labour Office, unemployment in Germany rose more than anticipated in June.
Destatis data revealed that import prices declined at the slowest rate in the ongoing sequence of decreases, which began in March 2023.
Export prices saw an annual increase of 0.2 percent, following a 0.2 percent decline in April. This marks the first rise in two years.
The German DAX index gained 79 points, or 0.4 percent, reaching 18,289, after closing up by 0.3 percent in the prior session.
In corporate developments, Deutsche Beteiligungs shares dropped by 5.4 percent. The capital markets firm announced plans to issue convertible bonds due in 2030, totaling an aggregate principal amount of 100 million euros.
These bonds will be convertible into new and/or existing no-par value registered shares in the company.
Delivery Hero SE shares declined by 2.3 percent. The online food delivery platform reported that Marie-Anne Popp will assume the role of interim Chief Financial Officer (CFO) starting from 1st July 2024. This follows the immediate resignation of current CFO Emmanuel Thomassin, who left to pursue other opportunities.
