European stock markets extended their gains on Friday to end the week on a positive note, with the benchmark DAX closing around 15,370 on the back of upbeat economic data and a strong earnings season. German industrial production rose in March by the most in five months, while better-than-expected exports and imports figures from Europe’s largest economy signalled a solid rebound in global demand. On the corporate front, BMW remains on track to meet its profit targets for 2021, although it noted that rising raw material prices and a global chip shortage could hit production in the second quarter. Siemens raised its full-year profit and sales guidance, while Credit Agricole’s profits jumped in the first quarter. Adidas upgraded its outlook for 2021 due to stronger-than-expected demand for its products. Historically, the Germany DAX 30 Stock Market Index reached an all time high of 15501.84 in April of 2021. The DAX Index is the benchmark index for the German equity market. It tracks the performance of 30 selected German blue chip stocks traded on the Frankfurt Stock Exchange, which represent around 80 percent of the market capitalization listed in Germany. The Index is free floating and has a base value of 1000 as of December 31, 1987.