DAX Recovers After 200 Points Fall; Adidas Rises On Strong Earnings

RTTNews | 122 dni temu

(RTTNews) - German stocks are down in negative territory on Thursday amid uncertainty about U.S. tariffs on China and other countries, and on a mixed batch of earnings updates from European companies. Also, investors are looking to take some profits after previous session's sharp upmove.

The benchmark DAX, which dropped more than 200 points to 21,728.89 earlier in the session, was down 95.30 points or 0.43% at 21,836.89 a little while ago.

SAP, which closed with a hefty gain on Wednesday thanks to strong quarterly results, is down 2.5% today on profit taking.

Brenntag and Siemens Energy are down 2.4% and 2.1%, respectively. Rheinmetall, Zalando, Commerzbank, MTU Aero Engines, BASF, Siemens, Daimler Truck Holding and Heidelberg Materials are lower by 1 to 1.7%.

Adidas is up nearly 3% after delivering better-than-expected sales and profit for the first quarter. The sportswear maker reported that its preliminary operating profit for the first quarter of 2025 climbed to 610 million euros from last year's 336 million euros.

The company's gross margin improved to 52.1% compared to 51.2% last year. The year-over-year increase of the gross margin for the adidas brand was even stronger at 1.6 percentage points. Quarterly revenues grew to 6.153 billion euros from 5.458 billion euros in the prior year. In currency-neutral terms, sales increased 13%.

Vonovia, Infineon Technologies and Symrise are gaining 1.7 to 2%.

Porsche Automobil Holding, RWE, Fresenius Medical Care and Bayer are up 1 to 1.3%. Fresenius and Continental are moderately higher.

A report from the Ifo Institute said that the Ifo Business Climate indicator for Germany edged higher to 86.9 in April from 86.7 in the previous month. April reading was the highest since July 2024. The business conditions index dropped to 86.9, while the current conditions index rose to 86.4 from 85.7 in the previous month.

However, the expectations index eased to 87.4 from 87.7, still above the consensus of 85, but reflecting higher uncertainty for companies as the risk of trade wars and protectionism triggered turbulence.

Australian Market Slashes Early Gains In Mid-market

The Australian stock market is slashing its early gains in mid-market trading on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to near the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weak spot.

RTTNews | 34 minut temu

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on an improved outlook for interest rates after US Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole on Friday. Powell said economic risks are 'shifting' and a rate cut may be warranted. Asian markets closed mixed on Friday.

RTTNews | 51 minut temu

Sensex, Nifty Seen Higher On Dovish Fed Comments

Indian shares are seen opening higher on Monday as traders react to Fed Chair Jerome Powell's dovish comments at the conference in Jackson Hole.

RTTNews | 1g 30 minut temu

Thai Shares Tipped To Open To The Upside On Monday

The Thai stock market has finished higher in two of three trading days since the end of the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it's poised to extend its gains on Monday.

RTTNews | 2g 0 minut temu

Japanese Market Notably Higher

The Japanese stock market is trading notably higher on Monday, extending the gains in the previous session, following the broadly positive cues from Wall Street on Friday, with the Nikkei 225 moving well above the 42,850 level, with gains across most sectors led by index heavyweights and technology stocks.

RTTNews | 2g 12 minut temu

Indonesia Stock Market May End Losing Streak On Monday

The Indonesia stock market has moved lower in two straight sessions, slipping almost 85 points or 1.1 percent along the way. The Jakarta Composite Index now sits just shy of the 7,860-point plateau although it's likely to stop the bleeding on Monday.

RTTNews | 2g 30 minut temu

Australian Market Notably Higher

The Australian stock market is notably higher on Monday, recouping the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 9,000.00 mark, with gains across most sectors led by mining and technology stocks. Financial stocks were the only weal spot.

RTTNews | 2g 31 minut temu

Hong Kong Shares Tipped To Open In The Green

The Hong Kong stock market has moved higher in two of three trading days since the end of the four-day losing streak in which it had fallen more than 480 points or 1.7 percent. The Hang Seng Index now rests just beneath the 25,340-point plateau and it's expected to open higher again on Monday.

RTTNews | 2g 45 minut temu

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