German stocks surged on Friday, supported by hopes that the ECB will start buying bonds of troubled european nations. However, dismal data from German economy weighted down on equities. German factory orders dropped 1.3% on a seasonally adjusted basis in September compared to forecasts of a 0.5% decline last month. The DAX Index rose 0.63% to trade at 7,362.12. Seven out of nine sectors included in the index climbed. The top-performers were telecommunications and technology firms, jumping 1.43% and 1.11%. Deutsche Telecom and SAP AG added 1.82% and 1.47%. Daimler and Volkswagen rose 1.83% and 1.93% on strong sales in China. China's customers started to buy more German cars amid territorial disputes between Japan and China. Sending German shares lower, utilities retreated 0.50%. E.ON and RWE plunged 0.22% and 0.03%.