DAX Up Nearly 1% As Stocks Extend Gains On Trade Deal Optimism

RTTNews | vor 109 Tagen

(RTTNews) - German stocks are notably higher on Thursday, extending gains from the previous session, thanks to rising optimism about trade following reports the US and EU are heading towards a deal that will see implementation of 15% tariffs on select European imports, as well as scrapping of some duties.

Investors, digesting a slew of earnings updates, are also awaiting the European Central Bank's monetary policy announcement due later in the day. The ECB is widely expected to hold rates after a series of reductions in the past months.

The benchmark DAX, which climbed to 24,514.20 earlier in the session, was up 221.51 points or 0.91% at 24,438.61 a few minutes ago.

Deutsche Bank is up 7% on strong earnings. The bank reported second-quarter profit of 1.49 billion euro, compared to prior year's loss of 143 million euros. Profit before tax was 2.42 billion euros, significantly higher than last year's 411 million euros. Looking ahead, for fiscal 2025, the bank continues to expect revenues of around 32 billion euros.

Deutsche Telekom is rising 3.6%. Siemens Healthineers and BASF are up 2.5% and 2.3%, respectively. Deutsche Post, Commerzbank, Bayer, Continental and Beiersdorf are up 1.6 to 2%.

Siemens Energy, Siemens, Porsche, Fresenius, Fresenius Medical Care, Qiagen and Brenntag are up 1 to 1.5%.

MTU Aero Engines is gaining about 1.3%. The company reported first-half net income of 513 million euros, up 78% from last year. Adjusted earnings per share was 8.76 euros, up 39%. Revenue was 4.20 billion euros, up 24%. Adjusted revenue was 4.14 billion euros, an increase of 21%.

MTU confirmed its guidance for fiscal 2025, which it raised in mid-June.

Deutsche Börse is down 0.65%, despite the company reporting third-quarter net income of 160 million euros or 0.87 euros per share from 61.6 million euros or 0.33 euros per share last year, helped by growth across most segments.

Infineon Technologies, Vonovia and RWE are down 1.2 to 1.4%. Allianz, E.ON and Heidelberg Materials are also down, though with less pronounced losses.

In economic news, Germany's GfK Consumer Climate Indicator slipped to -21.5 heading into August 2025 from -20.3 in the prior month, marking the lowest print since April.

The HCOB Germany Composite PMI edged down slightly to 50.3 in July 2025 from 50.4 in June, falling short of market expectations of 50.7, according to a preliminary estimate.

The manufacturing PMI edged up to 49.2 in July from 49 in June, falling short of market expectations of 49.5, while services PMI stabilized at 50.1 in July from 49.7 in the previous month, surpassing market expectations of 50, flash estimates showed.

Australian Market Slips To Losses In Mid-market

The Australian stock market is slipping in to the red in mid-market trading on Tuesday after early gains, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,850 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.

RTTNews | vor 1Std 37 Minuten

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders react to further progress made towards ending the US government shutdown, with the US Senate commencing a series of votes on a package to reopen the government and end the longest shutdown on record. Asian markets closed mostly higher on Monday.

RTTNews | vor 1Std 56 Minuten

Sensex, Nifty Seen Opening Higher On Trade Deal Hopes

Indian shares look set to open on a positive note Tuesday after U.S. President Donald Trump indicated he would reduce the tariff rate on Indian goods "at some point," and that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | vor 2Std 28 Minuten

Thai Shares Expected To Open To The Upside On Tuesday

The Thai stock market has moved higher in two of three trading days since the end of the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,305-point plateau and it's called higher again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | vor 3Std 0 Minuten

Rebound Tipped For Indonesia Stock Market

The Indonesia stock market on Monday snapped the three-day winning streak in which it had gained almost 160 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,390-point plateau although it's expected to see renewed support on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The JCI finished slightly lower on Monday as losses from the financials and telecoms were mitigated by support from the resource stocks and a mixed picture from the cement companies. For the day, the index eased 3.35 points or 0.04 percent to finish at the daily low of 8,391.24 after peaking at 8,478.15. Among the actives, Bank CIMB Niaga shed 0.57 percent, while Bank Mandiri fell 0.42 percent, Bank Danamon Indonesia collected 0.40 percent, Bank Negara Indonesia tumbled 1.78 percent, Bank Central Asia skidded 1.15 percent, Bank Rakyat Indonesia slumped 1.26 percent, Indosat Ooredoo Hutchison plunged 3.72 percent, Indocement improved 0.78 percent, Semen Indonesia plummeted 4.17 percent, Indofood Sukses Makmur slipped 0.35 percent, United Tractors rallied 1.36 percent, Energi Mega Persada surged 4.60 percent, Astra Agro Lestari dropped 0.96 percent, Aneka Tambang rose 0.34 percent, Vale Indonesia eased 0.22 percent, Timah soared 6.85 percent, Bumi Resources spiked 6.38 percent and Astra International was unchanged. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | vor 3Std 30 Minuten

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 51,350 level, with gains in index heavyweights, financial and technology and stocks.

RTTNews | vor 3Std 43 Minuten

Higher Open Predicted For Hong Kong Stock Market

The Hong Kong stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped more than 220 points or 0.8 percent. The Hang Seng Index now rests just beneath the 26,650-point plateau and it's expected to open to the upside again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | vor 3Std 45 Minuten

Additional Support Likely For China Stock Market

The China stock market bounced higher again on Monday, one session after halting the two-day winning streak in which it had advanced more than 45 points or 1.1 percent. The Shanghai Composite Index now sits just beneath the 4,020-point plateau The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The SCI finished modestly higher on Monday following gains from the financial shares, property stocks and resource companies. For the day, the index gained 21.04 points or 0.53 percent to finish at 4,018.60 after trading between 3,990.84 and 4,018.70. The Shenzhen Composite Index added 10.15 points or 0.40 percent to end at 2,529.44. Among the actives, Industrial and Commercial Bank of China advanced 0.87 percent, while Bank of China rose 0.35 percent, Agricultural Bank of China rallied 2.12 percent, China Merchants Bank added 0.49 percent, Bank of Communications collected 0.82 percent, China Life Insurance jumped 1.95 percent, Jiangxi Copper improved 0.95 percent, Aluminum Corp of China (Chalco) soared 3.26 percent, Yankuang Energy vaulted 1.88 percent, PetroChina strengthened 1.65 percent, China Petroleum and Chemical (Sinopec) fell 0.27 percent, Huaneng Power perked 0.24 percent, China Shenhua Energy gained 0.94 percent, Gemdale spiked 2.33 percent, Poly Developments increased 1.25 percent and China Vanke climbed 1.29 percent.

RTTNews | vor 4Std 0 Minuten

EURUSD	1.15563	GBPUSD	1.3168	AUDUSD	0.65288
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