DAX 40 rises 0.3% as Volkswagen surges 6.3% on turnaround plan

  • DAX 40 gained 0.3% to around 26,070 on Friday.
  • Volkswagen shares jumped 6.3% after its board approved a major turnaround plan.
  • Investors continued monitoring the ECB outlook and Middle East developments.

The DAX 40 edged 0.3% higher to around 26,070 on Friday, extending modest gains for a second session after a slow start. Automotive stocks led the advance, with Volkswagen shares surging 6.3% after its board approved a major turnaround plan. Investors also continued assessing the monetary-policy outlook, with the European Central Bank expected to deliver a final 25-basis-point rate increase next week. Developments in the Middle East remained another focus for markets.

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