Encouraged by the reversal in Wall Street late trading, investors returned to the German stock market on Friday.

The Dax rose 1.4 percent in trading to 14,247 points after slipping 4 percent on Thursday in response to Russia's invasion of Ukraine.

After initial losses, the American stock exchanges closed in positive territory on Thursday.

The M-Dax for medium-sized stocks increased by almost 2 percent to 31,273 points.

The price of oil, on the other hand, fell back below the $100 mark, which it had crossed on Thursday for the first time since 2014.

The price for a barrel (159 liters) of North Sea Brent was $99.16 late in the morning.

Moscow's leading index RTS even posted a record price jump of 30 percent at times, making up for most of its recent losses.

"The waiver of sanctions on Russian oil and gas supplies and the country's ban from the SWIFT payment network has given markets a sigh of relief," said Neil Wilson, chief analyst at online brokerage Markets.com.

Investors expected the sanctions that had been passed to have a relatively minor impact on the global economy.

Some investors cashed in on other commodities, of which Russia is also one of the top exporters.

The price of the European wheat future fell by more than 2.4 percent, but at EUR 309 per ton it remained close to its most recent record high.

The same applied to the industrial metals aluminum and tin, which fell to $3,314 and $45,050 a ton, respectively.

The investors also put armaments values ​​in their depots.

The invasion could lead to higher defense spending, wrote JPMorgan Cazenove analyst David Perry.

The shares of Rheinmetall, Thales and BAe Systems rose by up to 5.6 percent and marked a two-year high at 105.60 euros, 93.30 euros and 659.8 pence respectively.

The titles of the chemical giant BASF, on the other hand, fell 3.6 percent due to disappointing business figures.

Analyst Chris Counihan from the investment bank Jefferies complained that the operating profit for the quarter fell short of expectations.

The same applies to the profit target for 2022.

For portfolio manager Thomas Altmann from the investment advisor QC Partners, it is still unclear whether the stock markets have already bottomed out.

"It will therefore be exciting to see whether those who have bought now are long-term investors or whether the shares will quickly be thrown back onto the market in a further recovery." Among the companies, Volkswagen and Porsche SE moved back into the limelight.

The car manufacturer concluded a framework agreement with its majority shareholder for the planned IPO of the sports car subsidiary Porsche AG.

A broker described the cornerstones of the deal as encouraging.

Now everything depends on whether the IPO will go through and at what price the new papers will be sold.

VW shares rose 3.2 percent and Porsche SE shares rose 2.4 percent.

Led by technology stocks, Asian stock markets are up again after the previous day's losses due to the Russian invasion of Ukraine.

The Japanese Nikkei index rose by almost 2 percent on Friday to 26,477 points, making up for Thursday's losses.

The Shanghai Stock Exchange rose 0.6 percent to 3449 points.

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According to analysts, the Ukraine conflict will hardly affect the Chinese economy because the government in Beijing is not participating in the western sanctions.

Economic relations between the two countries are expected to intensify.