German DAX Index moved up by 0.33% to trade at 7,015.11 at GMT 12:00 on Friday. Angela Merkel's approval of actions of the ECB provided strong support for European stocks. Moreover, rally of Spanish banks that await bailout funds sent German stocks higher. Only three industries in nine included in the index managed to advance. The biggest gains posted consumer goods companies and lenders. Adidas and Metro jumped by 0.80% and 1.42% while Commerzbank and Deutsche Bank soared 2.78% and 2.23%. At the same time, telecommunications and utilities created notable pressure on German stock index. Deutsche Telekom, E.ON and RWE declined by 0.78%, 0.36% and 0.25%, respectively.