DAX Edges Higher As Factory Orders Rebound
(RTTNews) - German stocks edged up slightly on Tuesday after official data showed factory orders unexpectedly rebounded in December.
German factory orders registered a monthly expansion of 8.9 percent after remaining unchanged in November. Orders were forecast to fall 0.1 percent.
Domestic orders surged 9.4 percent and foreign orders grew 8.5 percent.
On a yearly basis, factory orders advanced 2.7 percent, in contrast to the 4.7 percent decline a month ago.
The benchmark DAX was up 18 points, or 0.1 percent, at 16,922 after finishing marginally lower in the previous session.
Beiersdorf rallied 2.2 percent. The maker and retailer of personal-care products and pressure-sensitive adhesives proposed higher dividend and announced a share buyback plan.
IT company Bechtle added half a percent after reporting higher preliminary earnings before tax and revenue for fiscal 2023.
Semiconductor company Infineon Technologies declined 1.7 percent after cutting its FY24 outlook.
Aurubis, a supplier of non-ferrous metal, climbed 3 percent after confirming its FY outlook.
Australia GDP Data Due On Wednesday
U.S. Dollar Climbs Amid Rising Treasury Yields
Swiss Shares Extend Losing Streak
Eurozone Inflation Path Suggests ECB Unlikely To Cut Rates Further
European Markets Finish In The Red On Tuesday
U.S. Construction Spending Unexpectedly Edges Lower In July
Domino's Launches Two New Delectable Bread Bites Flavors
