DAX Up Nearly 1.5% On All-round Buying

RTTNews | 9 days ago
DAX Up Nearly 1.5% On All-round Buying

(RTTNews) - German stocks are up sharply on Tuesday with investors shrugging off tariff concerns and focusing on earnings updates and awaiting the Federal Reserve's monetary policy announcement due on Wednesday.

Mercedes-Benz, Siemens Healthineers, BASF and Adidas are scheduled to report their earnings on Wednesday. BMW, Heidelberg Materials and Linde are slated to announce their earnings later in the week.

The benchmark DAX was up 351.23 points or 1.47% at 24,295.74 a little while ago.

MTU Aero Engines is gaining more than 3%. Rheinmetall is up nearly 3%, while Siemens Energy is rising 2.5%.

Deutsche Bank, Siemens Healthineers, SAP, Fresenius Medical Care, Allianz, Siemens, Merck, RWE, Deutsche Boerse, BMW and Hannover Rueck are up 1 to 2%.

Shares of remote access software solutions provider TeamViewer SE are up more than 5% after the company confirmed its annual revenue outlook after reporting a rise in earnings for the first half.

Porsche, Symrise, BASF, Volkswagen and Vonovia are down 0.3 to 0.7%. Bayer and Porsche Automobil Holding are down marginally.

read more
U.S. Wholesale Inventories Inch Up Less Than Expected In June

U.S. Wholesale Inventories Inch Up Less Than Expected In June

Wholesale inventories in the U.S. crept up by less than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories inched up by 0.1 percent in June after falling by 0.3 percent in May. Economists had expected wholesale inventories to rise by 0.2 percent, in line with the preliminary estimate.
RTTNews | 1h 39min ago
U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity shot up by 2.4 percent in the second quarter after tumbling by a downwardly revised 1.8 percent in the first quarter.
RTTNews | 2h 10min ago
U.S. Jobless Claims Rise More Than Expected To 226,000

U.S. Jobless Claims Rise More Than Expected To 226,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.
RTTNews | 2h 20min ago
Bank Of England Cuts Rate In Tight Vote

Bank Of England Cuts Rate In Tight Vote

The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.
RTTNews | 3h 18min ago
Pound Jumps After BoE Rate Decision

Pound Jumps After BoE Rate Decision

The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.
RTTNews | 4h 41min ago