01.07.2024 11:02:40 - dpa-AFX: DAX Gains On Relief At French Election Results

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks advanced on Monday as
investors reacted positively to the first round of the French election results.

French far-right's significant win in the first round of parliamentary elections
wasn't as impressive as expected, leaving the final result dependent on party
deals before a second-round next weekend.

Meanwhile, investors shrugged off the results of a survey showing that Germany's
manufacturing sector experienced a fresh setback at the end of the second
quarter.

The HCOB final Purchasing Managers' Index (PMI) for German manufacturing fell to
43.5 in June from 45.4 in May, confirming a preliminary flash estimate.

The benchmark DAX was up 95 points, or half a percent, at 18,331 after edging up
0.1 percent on Friday.

Wind turbine manufacturer Nordex fell about 1 percent despite receiving an order
from Aquila Clean Energy for 123.9 MW in Spain.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CAC 40 969400 Paris 7.642,38 03.07.24 17:18:30 +104,09 +1,38% - - 7.579,64 7.538,29
FTSE 100 969378 Financial Times SE 8.170,47 03.07.24 17:18:35 +49,27 +0,61% - - 8.121,20 -
DAX ® 846900 Xetra 18.389,38 03.07.24 17:18:50 +225,32 +1,24% - - 18.181,71 18.164,06
E-STOXX 50 ® 965814 STOXX Ltd. 4.970,66 03.07.24 17:18:45 +64,33 +1,31% 0,000 - 4.922,03 4.906,33

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