Destatis released its factory orders data for Germany on Friday. German seasonal adjusted factory orders jumped 1.4% in April, exceeding expectations for a 0.5% increase, after a 1.1% rise in March. March's figure was revised up from a 0.9% gain.

The increase was driven by a rise in foreign orders. Foreign orders climbed by 5.5% in April, while domestic orders dropped by 3.8%.

New orders from the Eurozone rose 6.8% in April, while orders from other countries increased 4.7%.

The intermediate goods declined by 0.9% in April, capital goods orders were up 2.3%, while consumer goods orders increased 4.5%.