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

The Dax rose shortly after trading began by 1.3 percent to 14,233 points after slipping 4 percent on Thursday in response to the Russian invasion of Ukraine.

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

However, the recovery cooled off significantly as the year progressed.

40 minutes after opening, the Dax was only up 0.4 percent.

Oil prices continued to rise on Friday.

However, the highs marked the previous day since 2014, well above the $100 mark, have not yet been reached.

The price of a barrel (159 liters) of North Sea Brent rose by $2.03 to $101.11.

The price of a barrel of the US West Texas Intermediate (WTI) variety increased by $1.78 to $94.60. For portfolio managers

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 3.4 percent and Porsche SE shares rose 5.1 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.

counter to.

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.

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