The German stock market experienced a significant uptick on Friday, as investors primarily responded to earnings reports and monitored fluctuations in oil prices, influenced by the ongoing conflict in the Middle East. Investors are anticipating the important U.S. non-farm payroll data later today, seeking insights into the Federal Reserve’s potential interest rate adjustments.

Brent crude futures advanced toward $83 a barrel, extending the gains from the prior session, as uncertainties linger regarding the complete reopening of the Strait of Hormuz, a crucial artery for global energy supplies.

The benchmark DAX was up 168.05 or 0.64% at 26,333.28 around 12:15 PM.

• Scout24 experienced an increase of over 5%, demonstrating a significant recovery from its recent steep decline. SAP experienced an increase of 3.75%, while Infineon Technologies saw a rise of 3%. Qiagen, Commerzbank, and Siemens experienced increases of 2% to 2.7%.
• Deutsche Boerse, Siemens Healthineers, Vonvia, Airbus, Siemens Energy, Deutsche Bank, Fresenius, BMW, and Hochtief experienced upward movement.
• Daimler Truck Holding experienced a decline of approximately 4.2%. Daimler Truck Holding reported a bottom line of EUR1.457 billion, translating to EUR1.91 per share. This compares with EUR277 million, or EUR0.36 per share, in the previous year.
• Munich RE experienced a decline of 2.7%, even in the face of reporting increased quarterly earnings. The reinsurer reported a net profit of €2.211 billion in the second quarter, an increase from €2.085 billion in the same period last year. The company upheld its full-year 2026 profit guidance while revising downward its insurance revenue outlook.
• Beiersdorf and Deutsche Telekom experienced declines of 1.7% and 1.1%, respectively. RWE, Zalando, E.ON, and Deutsche Post experienced a slight decline.
• Allianz experienced a slight decrease following the announcement of a decline in earnings. The company announced that its second-quarter bottom line came in at EUR 2.595 billion, or EUR 6.46 per share, compared with EUR 2.841 billion, or EUR 7.03 per share, last year.
• Rheinmetall experienced a decline of approximately 0.4%. The company disclosed that its earnings after taxes for the second quarter amounted to 167 million euros, an increase from 157 million euros in the corresponding period of the previous year. Earnings per share was 2.66 euros compared to 2.82 euros.

In economic news, Germany’s industrial production experienced growth in June, although at a decelerated rate, according to data from Destatis. Industrial production recorded a monthly increase of 0.2%, succeeding a revised growth of 0.7% in May. Output was anticipated to stay unchanged in June.

A separate data from Destatis indicated that Germany’s trade surplus contracted to €15.4 billion in June, down from an upwardly revised €19.3 billion in May, falling short of estimates of €17.4 billion, as imports increased at a greater pace than exports. In June, imports increased by 4.4% month-on-month, reaching an impressive €123.9 billion, the highest level in over three and a half years. Meanwhile, exports experienced a growth of 0.9% month-on-month, achieving a near four-year peak of €139.3 billion, building on an upwardly revised gain of 1.1% in May.