DAX Rises As Bank Worries Ease

RTTNews | 884天前
DAX Rises As Bank Worries Ease

(RTTNews) - German stocks opened higher on Tuesday as worries about the banking sector eased following a buyout deal for the deposits and loans of the failed Silicon Valley Bank.

The benchmark DAX was up 57 points, or 0.4 percent, at 15,184 after climbing 1.1 percent on Monday.

Lender Commerzbank rallied 1.4 percent while Deutsche Bank shares fell 0.9 percent after recent volatility.

Drug discovery firm Evotec rose 0.6 percent after reporting a 22 percent rise in FY preliminary revenues.

Commercial kitchen supplier Rational AG tumbled 3.5 percent despite posting a significant rise in fiscal year 2022 revenue.

Construction equipment manufacturer Wacker Neuson rose about 1 percent after saying it expects demand to remain high in 2023.

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Japan Data On Tap For Friday

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RTTNews | 18分钟前
Euro Climbs Against Majors

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RTTNews | 49分钟前
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RTTNews | 4小时27分钟前
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RTTNews | 4小时47分钟前
U.S. Pending Home Sales Fall More Than Expected In July

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RTTNews | 7小时58分钟前