On Friday morning, German stocks remained relatively subdued, influenced by Amazon Inc.'s disappointing revenue forecast and investor caution preceding the pivotal U.S. non-farm payroll data release scheduled for later in the day.
Market participants are actively evaluating corporate earnings alongside the latest economic indicators while seeking clarity on trade policies under the Trump administration.
The DAX 30 index showed a modest increase, rising by 7.10 points or 0.03% to reach 21,920.11 in recent trading.
Germany's benchmark 10-year Bund yield has decreased to 2.366%.
The anticipated U.S. employment report for January is projected to demonstrate a rise of 170,000 jobs, following a December increase of 256,000 jobs. The unemployment rate is expected to remain steady at 4.1%.
According to data from Destatis, German industrial production declined by 2.4% in December, marking the most significant decrease in five months. This downturn is primarily attributed to reduced output in the automotive sector, with economists having predicted a 0.6% drop.
Porsche shares have fallen by over 5% following the car manufacturer's warning that expenses related to new models and battery production would adversely affect its profits for 2025. Porsche anticipates a profit margin of only 10-12% for this year, falling short of analysts' 14.8% expectations and significantly below the medium-term target of 17-19%.
Rheinmetall shares are down by 2.5%, while Bayer, Adidas, and Siemens Healthineers have decreased between 0.8% to 1.4%. Qiagen, BASF, Deutsche Post, and Zalando are experiencing minor losses.
Conversely, Henkel shares have risen about 0.7% following the company's announcement to sell its North American retailer brands business to an affiliate of First Quality Enterprises.
Siemens Energy, which saw significant gains in the previous session due to positive results, is up by 1.1%. Stocks such as E.On, Daimler Truck Holding, RWE, MTU Aero Engines, Continental, and Allianz are enjoying moderate increases.
