At the end of the week, the Dax showed its sunny side.

The leading German index temporarily advanced by 0.9 percent to 13,812 points, marking the highest level in two months.

The Euro Stoxx 50 gained 0.2 percent.

In the past few days, the recent easing of price pressure in the US had sparked speculation that the central bank might be slowing down the rate hike cycle somewhat.

"Concerns about inflation, interest rates and recession continue to play a role on the financial markets, but they have recently diminished somewhat," wrote Helaba analysts in a comment.

Thomas Altmann from QC Partners stated that if the declining upward pressure on prices were to be confirmed to a large extent, then that would be excellent news for the markets.

The Fed had recently fought rampant inflation with unusually large interest rate hikes.

She wants to follow up next month.

The key interest rate is currently in the range of 2.25 to 2.50 percent.

Dollar on course for recovery

However, analysts warned that the declining rate of inflation in the USA does not necessarily mean that the Federal Reserve will slow down.

"Although the price pressure has eased a little, energy and commodity prices are still far too high, and the US Federal Reserve could continue its tight interest rate policy for a while longer," said Christian Henke from broker IG.

The dollar index, which recently had to give way to speculation that interest rates would rise less sharply, advanced by up to 0.5 percent to 105.56 points on Friday.

The euro fell 0.3 percent to $ 1.0286.

On the bond market, investors parted with German papers - accordingly, the yield rose to up to 1.025 percent after 0.973 percent in the closing transaction of the previous day.

In terms of individual values, Deutsche Börse stood out on the losing side in the Dax with a minus of 2.6 percent.

The financial regulator Bafin had announced that it had identified deficiencies in the Clearstream subsidiary during a special audit and ordered that additional equity be held.

Deutsche Börse said it had partially remedied the deficiencies in risk management criticized by the financial regulator.

Investors, on the other hand, grabbed Bayer, which rose by up to 4.9 percent after a loss of almost 10 percent in the past five trading days.

The titles were the strongest value in the Dax.

A trader referred to an optimistic comment from Citi Bank.

Uniper are making up ground

In the M-Dax, the heavily battered Uniper papers made up ground.

The shares increased at the top 11.4 percent to 7.59 euros.

However, the index itself hardly changed.

The gas company has proposed an unusual swap deal in which liquefied gas destined for Asia would be diverted from the US to Europe to fill supply gaps there.

Uniper shares have lost around 80 percent of their value since the beginning of the year.

The company got into difficulties due to the significant reduction in cheap gas supplies from Russia.

Flutter made a name for itself on the Irish Stock Exchange.

The world's largest provider of online gambling is confident about the future and sees its US business in particular on a growth course.

Shares shot up more than 12 percent.

Uncertainty about oil demand remained high on the commodity market in the coming months.

The prices for the North Sea oil Brent and the US oil WTI found it difficult to find a unified direction.

They fluctuated around their previous day's close of $99.60 and $94.34 a barrel. On Thursday, the International Energy Agency's (IEA) increased forecast for oil demand this year pushed prices up by more than four and three percent, respectively.

However, there was concern that OPEC is assuming lower oil demand due to economic uncertainties and has cut its forecast for the third time since April.