DAX Rise 1.5% As Stocks Rebound From Recent Losses

RTTNews | 62 dagar sedan
DAX Rise 1.5% As Stocks Rebound From Recent Losses

(RTTNews) - German stocks are up firmly in positive territory Tuesday morning, bouncing back after four successive days of losses. Investor sentiment has turned slightly positive amid expectations the U.S. government will soften its tariff stance a bit.

Still, there is some uncertainty as the U.S. President Donald Trump has rejected the European Commission's offer proposing removal of tariffs on industrial goods as part of trade talks.

The U.S. President has reaffirmed Washington's new tariff policy but signaled his willingness to engage in dialogue with countries seeking more favorable trade terms.

"There could be permanent tariffs and there could also be negotiations... we're going to get fair deals and good deals with every country — and if we don't, we're going to have nothing to do with them," Trump said during a meeting with Israeli Prime Minister Benjamin Netanyahu.

However, Trump threatened to hike tariffs on China by another 50% unless it scrapped retaliatory duties. China imposed a 34% tariff on American products last week in response to Trump announcing his full list of so-called reciprocal tariffs.

The benchmark DAX, which had tanked to over four-month lows in the previous session, was up 305.15 points or 1.54% at 20,066.95 a little while ago. The index had climbed to 20,181.41 earlier in the session.

Siemens Energy is rising nearly 6%. Rheinmetall, Siemens, Heidelberg Materials, Continental and MTU Aero Engines are gaining 4 to 5%.

Deutsche Boerse is up 3.3%. Sartorius, Allianz, Bayer, Deutsche Bank, Zalando, Fresenius, Hannover Rueck, Munchener RE, Merck, Siemens Healthineers, Wiagen, Deutsche Post an Volkswagen are advancing 1 to 2.5%.

Commerzbank is declining 1.9%. Vonovia is down 1.8% and BMW is lower by about 1.4%. Infineon Technologies is down 1.25% after it agreed to acquire Marvell Technology's automotive ethernet business for about $2.5 billion.

Deutsche Telekom and SAP are down 1.2% and 1%, respectively. Adidas, Daimler Truck Holding and Porsche Automobil are modestly lower.

read more
FTSE 100 Down Marginally At Noon

FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.
RTTNews | 56 minuter sedan
CAC 40 Down Slightly In Lackluster Trade

CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.
RTTNews | 1h 17minuter sedan
DAX Down Over 0.5% In Cautious Trade

DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.
RTTNews | 1h 38minuter sedan
Church & Dwight Recalls All Lots Of Zicam Nasal, Orajel Teething Swabs

Church & Dwight Recalls All Lots Of Zicam Nasal, Orajel Teething Swabs

Church & Dwight Co., Inc. has called back all lots of Zicam nasal swabs and Orajel baby teething swabs citing potential microbial contamination, according to the U.S. Food and Drug Administration. Cold remedy nasal swabs are a zinc-free, homeopathic cold remedy swab designed to shorten the duration of the common cold
RTTNews | 2h 16minuter sedan
Yen Rises After Japan GDP Data

Yen Rises After Japan GDP Data

The Japanese yen strengthened against other major currencies in the Asian session on Monday, after data showed that an upward revision to Japan's first quarter GDP supporting the interest rate hike expectations.
RTTNews | 4h 19minuter sedan