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%.
South Korea Trade Data Due On Wednesday
Dollar Drifts Lower Against Major Counterparts
Indonesia Stock Market May Stop The Bleeding On Wednesday
Japan Stock Market May Halt Its Slide On Wednesday
Canadian Stocks Mixed In Lackluster Trade
Swiss Market Fails To Retain Gains, Ends Flat
Euro Rallies Against Majors
