Frankfurt's DAX gained ground, advancing about 1.9% to close at 22,987 on Friday, outperforming peers, on reports that Germany’s chancellor-in-waiting Friedrich Merz and key political parties agreed on a massive increase in state borrowing. This comes just days ahead of a parliamentary vote next week. Meanwhile, traders continued to monitor trade tensions, geopolitical events and corporate news. Defense industry stocks and materials received a strong boost, with Rheinmetall rising 6.3% and Heidelberg Materials up 3.8%. Banks also performed well. Daimler Truck rose over 2% after reported Q4 earnings that surpassed expectations and provided a robust outlook for this year. BMW shares lost 0.3% after reporting a 34% drop in 2024 profits and forecasting a 5-7% earnings margin for 2025, below some competitors. Still, the index declined about 0.3% this week.
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