DAX 30 Moderately Higher As Stocks Rise On Bargain Hunting
(RTTNews) - German stocks are up in positive territory Tuesday morning with investors picking up shares following a four-session losing streak. The market is also benefiting from a drop in bond yields and reports that the Trump administration is considering a more gradual approach to tariffs.
The benchmark DAX was up 132.78 or 0.66% at 20,270.00 a little while ago.
Merck and BASF are gaining 2.5% and 2.1%, respectively. Sartorius, Deutsche Bank, Puma, Continental, Siemens Healthineers, Porsche, Daimler Truck Holding, Commerzbank and Siemens Energy are up 1.3 to 1.75%.
Infineon, BMW, SAP and Volkswagen are gaining nearly 1%. Volkswagen is gaining despite the company reporting a 2.3% drop in sales in 2024 to just over nine million vehicles. While sales fell 2.2% in home market, sales in China were down 10% amid a "fierce price war."
Mercedes-Benz and Rheinmetall are also notably higher.
Symrise is declining 2.6%. Beiersdorf is down 1.1% and RWE is lower by nearly 1%. Hannover Rueck is down with a loss of 0.7%.
U.S. Dollar Falls Against Euro, Pound
Swiss Market Ends On Weak Note
European Markets Close Weak On Growth Concerns, Fading Fed Rate Cut Hopes
Canadian Market Rebounds From Early Setback; Technology, Energy Stocks Rise
Bay Street Likely To Open On Weak Note
FTSE 100 Down Sharply As Bond Yields Climb Higher
CAC 40 Sheds About 1.3% On Economic Concerns
