The euro, Dax and oil prices rose on Friday morning, albeit not very euphorically.
The Dax was 0.1 percent higher early Friday morning at 14,285 points.
In the afternoon (CET), US producer prices will be in the spotlight.
A decline in the annual rate would take pressure off the US Federal Reserve in the fight against inflation, especially in view of the recently unexpectedly sharp rise in wages, said portfolio manager Thomas Altmann from asset manager QC Partners.
In China, meanwhile, producer prices fell for the second time in a row last month.
The consumer price index rose by 1.6 percent and was therefore in line with expectations.
The mood poll from the University of Michigan is also expected from the USA.
Oil price makes up some of the losses
Oil prices rose on Friday.
They were able to recoup some of the heavy losses since the beginning of the week.
In the morning, a barrel (159 liters) of North Sea Brent cost $76.57.
That was 41 cents more than the day before.
The price of a barrel of US grade WTI rose by 45 cents to $71.91.
There was a slight counter-movement on the oil market after prices had been falling more or less sharply in the past few trading days.
Crude oil from the North Sea, which is important for Europe, has fallen in price by around ten dollars a barrel since Monday.
Among other things, interest rate hikes by leading central banks have increased concern about a slowing global economy and the associated lower demand for crude oil.
Dollar weakness helps euro
The euro rose on Friday.
In the morning, the shared currency was trading at $1.0573.
The European Central Bank set the reference rate at $1.0519 on Thursday afternoon.
Market observers pointed to a weakness in the dollar, which in turn gave the euro a boost for the third trading day in a row.
The background is, among other things, the easing of the corona measures in China.
Hopes of stronger economic growth in the second largest economy fueled risk appetite in the financial markets, which weighed on the dollar.