FX.co ★ DAX Climbs Ahead Of Key US Inflation Data

German stocks experienced a surge on Friday due to robust quarterly earnings from tech behemoths Microsoft and Alphabet. This rise was further fueled by a survey from the European Central Bank that revealed a decrease in projected inflation over the next 12 months for March, as per Euro zone consumers.

The core Personal Consumption Expenditures (PCE) Price Index, which is the preferred measure of inflation by the U.S. Federal Reserve, is set to be released later in the day.

The DAX, the principal stock index in Germany, was up by 131 points or a 0.7 percent increase, bringing it to 18,048, after experiencing a 1 percent loss in its previous session.

In other financial news, Thyssenkrupp saw a 10 percent leap once the conglomerate confirmed the sale of a 20 percent stake in its steel business to EP Corporate Group (EPCG).

Despite the announcement of higher revenue for the first quarter and maintaining its annual revenue forecast, biotechnology company Medigene AG witnessed a drop of 2.5 percent.