FRANKFURT (dpa-AFX) - The German stock market recovered somewhat on Friday from the previous day's slump. The Dax rose by 0.94 percent to 24,538.81 points, after having lost more than two percent the day before. Over the course of the week, this leaves the German benchmark index with a loss of around one and a half percent. The balance for the turbulent stock market month of January is almost even. The MDax of mid-cap stocks ended the week 0.22 percent lower at 31,164.44 points.

Consumer price data from Germany had little impact on prices. However, the slightly increased core inflation shows that inflationary pressure persists, commented Michael Heise, chief economist at HQ Trust. Nevertheless, Helaba analyst Ralf Umlauf expects the European Central Bank to take a wait-and-see approach at its upcoming interest rate decision next week: "Inflation is within the target range, also at the European level, and there is no pressure to act."

Investors were all the more interested to hear that US President Donald Trump has nominated former Fed Governor Kevin Warsh as successor to US Federal Reserve Chairman Jerome Powell. Warsh was long considered a monetary policy hawk, tending to favor higher interest rates. Most recently, however, he has advocated for rate cuts. "Whether Warsh will actually follow Donald Trump's wishes for lower rates remains to be seen," commented Thomas Gitzel, chief economist at VP Bank.

On the US stock markets, the nomination led to losses, with New York's leading Dow Jones Industrial index down about 0.8 percent at the close of European trading. The EuroStoxx 50 closed 0.95 percent higher at 5,947.81 points. Outside the eurozone, the Swiss SMI and London's FTSE 100 posted somewhat more moderate gains.

Adidas shares shot up 3.9 percent at the top of the Dax. This was likely due mainly to the announced share buybacks. Last year, the sporting goods manufacturer also generated record revenues. In terms of margin development, the Herzogenaurach-based company exceeded expectations, according to traders.

Shares of Nordex recovered from significant early losses and ultimately closed unchanged, after hitting a record high on Thursday. According to news agency Bloomberg, investment company Skion, owned by BMW major shareholder Susanne Klatten, is selling seven million Nordex shares at a placement price of 32.15 euros each. The placement signals solid demand, said one trader. The overhang has been eliminated, so the price weakness can be seen as a buying opportunity.

Fraport shares rose 1.6 percent to their highest level since November. Brokerage Jefferies now recommends buying shares in the airport operator. Analyst Priyal Woolf expects a strong year for air traffic in 2026, with higher airline capacities.

Shares of Auto1 climbed 1.5 percent. US bank JPMorgan had raised its price target for the online used car dealer, attaching the note "Positive Catalyst Watch." Analyst Marcus Diebel expects positive news with regard to the business figures due in February.

In the small-cap SDax index, software company Atoss was one of the biggest gainers after releasing annual figures, with a share price increase of 3.8 percent. Atoss delivered strong results, praised Henrik Paganetty from Jefferies, highlighting in particular a 25 percent increase in operating profit.

Shares in Schaeffler continued to correct their steep rally since November, falling seven percent. This means about half of the year's gains have now been wiped out. However, the increase for 2026 still stands at about one fifth. Swiss bank UBS sees market estimates for 2026 as risky, with the biggest concern being free cash flow.

Following a buy recommendation, Jenoptik shares rose to their highest level since October 2024 and were up 11.9 percent. Deutsche Bank had upgraded its rating from "Hold" to "Buy." Analyst Michael Kuhn is betting on the management change at the high-tech company and improved prospects in the core semiconductor business.

Austrian copper specialist Asta Energy Solutions celebrated a successful stock market debut in Frankfurt. After rising as high as 43.50 euros, shares ultimately closed at 40.00 euros. The issue price was 29.50 euros./niw/he

--- By Nicklas Wolf, dpa-AFX ---