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%.
Philly Fed Index Surges Much More Than Expected In September
U.S. Weekly Jobless Claims Pull Back More Than Expected
Positive Start Likely On Bay Street
FTSE 100 Up Slightly; BoE Leaves Rate Unchanged
CAC 40 Rises 1.1% As Stocks Rally On Fed Interest Rate Cut
DAX Rises Sharply As Investors Cheer Fed Rate Cut Move
Sensex, Nifty Extend Gains For Third Day
