DAX Rallies As Trump Claims Victory

RTTNews | 7h 29min ago
DAX Rallies As Trump Claims Victory

(RTTNews) - German stocks rose sharply on Wednesday as U.S. Republican candidate Donald Trump appeared to be heading for a return to the White House after claiming victory in several key battleground states.

Investors were also reacting to data that showed Germany's factory orders rebounded in September on strong growth in aircraft and other transport equipment orders.

Factory orders advanced 4.2 percent on a monthly basis in September, in contrast to the revised 5.4 percent decline in August, Destatis reported.

Economists had forecast orders to grow moderately by 1.6 percent after September's initially estimated decline of 5.8 percent.

The benchmark DAX was up 270 points, or 1.4 percent, at 19,526 after rising 0.6 percent in the previous session.

Siemens Healthineers jumped almost 8 percent after the medical technology company reported revenue growth and full year adjusted earnings before interest and taxes (EBIT) in line with estimates.

Evotec SE, a pharmaceutical drug discovery and development company, slumped 12.2 percent after reporting declines in revenues and profits in the first nine months of the year.

Sports brand PUMA fell 2.5 percent after Q3 sales came in below expectations. Chemical and consumer-goods firm Henkel rose 1.2 percent after reiterating its FY24 sales and earnings guidance.

Automaker BMW plunged 5 percent on reporting a 61 percent drop in its quarterly third-quarter profit.

Software developer TeamViewer lost nearly 10 percent after trimming its revenue forecast.

read more
BMW Stock Hits On Weak Q3 Profit, Volume; Backs FY24 View

BMW Stock Hits On Weak Q3 Profit, Volume; Backs FY24 View

Shares of BMW Group were losing around 5 percent in the morning trade on Germany's XETRA after the luxury auto major reported Wednesday sharply lower profit and revenues in its third quarter with weak volume in all regions, mainly in China. Further, BMW Group confirmed its recently adjusted fiscal 2024 guidance. According to the firm, delivery stops related to the supplied Integrated Brake System
RTTNews | 5h 4min ago
German Factory Orders Log Stronger Than Expected Rebound

German Factory Orders Log Stronger Than Expected Rebound

Germany's factory orders rebounded at a faster than expected pace in September on robust demand for aircraft, ships, trains and military vehicles, data from Destatis showed on Wednesday. Factory orders advanced 4.2 percent on a monthly basis in September, in contrast to the revised 5.4 percent decline in August.
RTTNews | 6h 11min ago
Home Depot Co-founder Bernard Marcus Dies At 95

Home Depot Co-founder Bernard Marcus Dies At 95

Bernard Bernie Marcus, who co-founded retail chain the Home Depot Inc., has died, aged 95. The Billionaire, said to be a major donor to Republican politicians and a supporter of Donald Trump, breathed his last on the U.S. Election day. In a statement announcing the news, the company, which is now mainly owned by institutional investors, said, "Bernie was an inspiration in many ways...."
RTTNews | 6h 20min ago
European Shares Rally On Trump Election Lead

European Shares Rally On Trump Election Lead

European stocks were sharply higher on Wednesday as former U.S. President Donald Trump neared the majority mark of 270 electoral votes after taking comfortable position in four of the seven swing states.
RTTNews | 6h 24min ago
CAC 40 Up Nearly 2% As Trump Secures Historic Victory

CAC 40 Up Nearly 2% As Trump Secures Historic Victory

French stocks traded sharply higher on Wednesday as U.S. Republican candidate Donald Trump declared victory after winning crucial swing states and pledged to bring a 'golden age' to the United States.
RTTNews | 7h 13min ago