DAX Moderately Higher; Henkel Tanks 9% After Results, Guidance

RTTNews | Pred 223 dňami
DAX Moderately Higher; Henkel Tanks 9% After Results, Guidance

(RTTNews) - German stocks up firmly in positive territory Tuesday morning, recovering well from previous session's losses, as investors shrug off concerns about trade war for now, and focus on earnings and look ahead to key U.S. inflation data due on Wednesday.

Meanwhile, there is some uncertainty about the proposed debt-finance package, as Germany's Green party rejected it, potentially imperiling the flagship policy of chancellor-in-waiting Friedrich Merz.

Merz, who is assembling a coalition to succeed Chancellor Olaf Scholz after winning last month's election, needs Green support to secure a two-thirds majority required for a constitutional amendment to ease borrowing restrictions.

The benchmark DAX, which climbed to 22,836.74 earlier, was up 140.91 points or 0.62% at 22,748.06 a little while ago.

Volkswagen is up 2.5% after the group reported a 3% drop in sales in fiscal year 2024. Sales revenue increased by 1% to 325 billion euros, and operating income dropped 15% to 19.1 billion euros in fiscal 2024.

The group expects the sales revenue to exceed the previous year's figure by up to 5%. The operating return on sales for the Group is expected to be between 5.5 and 6.5%.

Bayer is gaining about 4%. Rheinmetall is up nearly 4%, while MTU Aero Engines, Siemens Energy, Infineon, BMW and Sartorius are advancing 2.3 to 3.2%.

Mercedes-Benz, Porsche, Hannover Rueck, Siemens Healthineers, Continental, BASF and Munech Rueck are up 1 to 1.8%. Vonoia, Siemens, Allianz, Merck and E.ON are also notably higher.

Henkel is down more than 9% after the company's fourth-quarter sales fell short of expectations. The German chemical and consumer goods firm reported group sales growth of 1.1% for the quarter, substantially down from the expected growth of 3.6%.

Henkel expects organic sales growth of 1.5 - 3.5% for fiscal year 2025.

Henkel reported that its net income attributable to shareholders for fiscal year 2024 increased to 2.007 billion euros or 4.78 euros per share from 1.318 billion euros or 3.13 euros per share in the prior year.

Commerzbank, Daimler Truck Holding, SAP, Symrise and Adidas are down 0.4 to 1.2%.

read more
Singapore Shares May Find Traction On Tuesday.

Singapore Shares May Find Traction On Tuesday.

Ahead of Monday's holiday for Diwali, the Singapore stock market had moved lower in two straight sessions, slipping almost 40 points or 0.9 percent along the way. The Straits Times Index now rests just beneath the 4,330-point plateau although it may stop the bleeding on Tuesday.
RTTNews | Pred 29 minútami
Rebound Anticipated For Malaysia Stock Market

Rebound Anticipated For Malaysia Stock Market

Ahead of Monday's holiday for Diwali, the Malaysia stock market had ended the two-day winning streak in which it had picked up less than a point. The Kuala Lumpur Composite Index now sits just beneath the 1,610-point plateau although it's expected to bounce higher again on Tuesday.
RTTNews | Pred 59 minútami
Japan Bourse May Extend Monday's Gains

Japan Bourse May Extend Monday's Gains

The Japanese stock market bounced sharply higher again on Monday, one session after halting the two-day winning streak in which it had rallied more than 1,425 points or 2.8 percent. The Nikkei 225 now sits just above the 49,180-point plateau and it may add to its winnings on Tuesday.
RTTNews | Pred 1 h 14 min
Win Streak May Continue For South Korea Shares

Win Streak May Continue For South Korea Shares

The South Korea stock market has tracked higher in four straight sessions, accelerating more than 250 points or 6.7 percent in that span. Now at another fresh record closing high, the KOSPI rests just beneath the 3,815-point plateau and it's tipped to open in the green again on Tuesday.
RTTNews | Pred 1 h 29 min
New Zealand Trade Data Due On Tuesday

New Zealand Trade Data Due On Tuesday

New Zealand will on Tuesday release September figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity.
RTTNews | Pred 2 h 59 min
TSX Up Nearly 1%; Materials, Technology Stocks Climb Higher

TSX Up Nearly 1%; Materials, Technology Stocks Climb Higher

After opening with a strong positive gap, the Canadian market moved further up north Monday morning, and remains firmly placed in positive territory around mid afternoon, thanks to sustained buying at several counters in technology, materials and financials sectors.
RTTNews | Pred 5 h 53 min