Frankfurt stocks rise 0.59% amid stabilization in bonds and oil

The Frankfurt Stock Exchange closed higher on Friday, with the DAX 40 index gaining 0.59% to reach 26,136.56 points. This uptick ended a four-day streak of losses, bringing some stability to the market after recent volatility.

The recovery was supported by a calmer environment in both the fixed income and oil markets. Additionally, positive movements on Wall Street contributed to the upward trend in Frankfurt. The index, however, still recorded a weekly loss of 1.2%.

Economic data from Germany presented a mixed picture. S&P's figures on business activity indicated that the industrial sector is performing strongly, driven by global demand. Conversely, the services sector showed signs of weakening, suggesting a divergence in economic performance across different parts of the German economy.

Among the notable stock movements, sportswear manufacturer Adidas saw a 2.3% increase, closing at 154.45 euros. Online fashion retailer Zalando also performed well, gaining 1.4% to reach 22.78 euros. High-end car manufacturer BMW advanced by 1.7%, ending the day at 58.88 euros.

On the downside, laboratory testing company Qiagen fell by 3% to 37.57 euros, following significant gains in the preceding days. Dialysis services provider Fresenius Medical Care lost 1.8%, closing at 40.14 euros, after its parent company, Fresenius, reduced its stake by selling 7.8 million shares worth 300 million euros to institutional investors. The chemical and pharmaceutical group Bayer also experienced a decline, losing 1.2% to close at 48.04 euros.