FX.co ★ DAX Edges Higher As Factory Orders Fall Less Than Expected

German stocks saw a modest increase on Thursday, following data indicating a smaller-than-anticipated decline in factory orders for October, as compared to an upwardly revised surge from the preceding month.

The statistics agency, Destatis, reported a 1.5% month-on-month fall in factory orders, following a substantial revised increase of 7.2% in September. This decline was less severe than analysts' projections of a 2% drop.

On an annual basis, industrial orders saw a rise of 5.7% in October, up from the previously revised growth rate of 4.2%.

The benchmark DAX index improved by 49 points, or 0.2%, reaching 20,280, building on a 1.1% gain in the prior session.

In corporate developments, shares of Aurubis AG surged by more than 9% after the company, a supplier of non-ferrous metals and a copper recycler, announced strong full-year results despite operating in a volatile market.