DAX experienced an uptick on Friday, buoyed by factory orders data that surpassed expectations, thereby enhancing market sentiment. The anticipation of a potential interest rate reduction by the Federal Reserve in the upcoming week also played a role in driving the market higher. The benchmark DAX increased by 136.15 points, reflecting a rise of 0.57%, reaching 24,030.51 shortly before noon. Where as –

• MTU Aero Engines and Zalando experienced an increase of nearly 2.5%.
• Adidas, BASF, Siemens Energy, and Scout24 experienced an increase ranging from 2% to 2.2%.
• Deutsche Boerse, Infineon Technologies, Fresenius Medical Care, Siemens, BMW, Symrise, and Siemens Healthineers experienced an increase ranging from 1% to 1.7%.
• RWE experienced a decline of 1.25%.
• Rheinmetall, Hannover Rueck, Munich RE, and E.ON experienced declines ranging from 0.6% to 1%.

Data indicated that Germany’s factory orders experienced an unexpected increase in October, driven by strong domestic demand, with a rise of 1.5%. Despite a deceleration from the adjusted 2% increase recorded in September, the growth rate significantly outpaced the economists’ prediction of 0.3%.

Factory orders experienced a decline of 0.7% on a year-over-year basis, subsequent to a 3.4% reduction observed in September. The monthly growth was propelled by a 9.9% increase in domestic orders. Foreign orders experienced a decline of 4%, attributed to a 6.5% reduction in orders originating from outside the euro area. Demand from the Eurozone increased by 0.1%.