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07.05.2024 10:51:33 - dpa-AFX: DAX Gains On Mixed Earnings, Data
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks traded higher on Tuesday
as investors reacted to mixed economic readings and earnings.
Germany's factory orders posted an unexpected fall in March due to the decrease
in domestic demand, data from Destatis revealed.
Factory orders decreased 0.4 percent on a monthly basis, confounding
expectations for an increase of 0.4 percent.
Nonetheless, the pace of decrease slowed from the revised 0.8 percent drop
logged in February.
On a yearly basis, the decline in factory orders slowed to 1.9 percent from 8.8
percent in the previous month.
Separate set of data showed that Germany's exports rebounded at a
faster-than-expected pace in March, while the growth in imports slowed sharply.
Exports gained 0.9 percent on a monthly basis, reversing a 1.6 percent fall in
February. Shipments were forecast to climb 0.4 percent.
At the same time, monthly increase in imports eased to 0.3 percent from 3.0
percent in the previous month. Nonetheless, the outcome was better than the
expected 1.0 percent decrease.
As a result, the trade surplus increased to EUR 22.3 billion in March from EUR
21.4 billion in the previous month. The surplus was slightly below economists'
forecast of EUR 22.4 billion.
On a yearly basis, exports declined 8.3 percent after a 1.1 percent decrease.
Likewise, the fall in import deepened to 9.6 percent from 6.7 percent.
The benchmark DAX was up 77 points, or 0.4 percent, at 18,252 after climbing 1
percent in the previous session.
In corporate news, semiconductor-maker Infineon Technologies AG jumped 9 percent
despite cutting its revenue forecast in the current fiscal year.
Software developer TeamViewer slumped nearly 8 percent after reporting Q1
revenue and earnings below estimates.
Health technology company Siemens Healthineers tumbled 3.7 percent after Q2
revenue missed expectations.
Zalando soared 7.2 percent. The online fashion retailer backed its full-year
guidance after returning to growth in the first quarter.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
as investors reacted to mixed economic readings and earnings.
Germany's factory orders posted an unexpected fall in March due to the decrease
in domestic demand, data from Destatis revealed.
Factory orders decreased 0.4 percent on a monthly basis, confounding
expectations for an increase of 0.4 percent.
Nonetheless, the pace of decrease slowed from the revised 0.8 percent drop
logged in February.
On a yearly basis, the decline in factory orders slowed to 1.9 percent from 8.8
percent in the previous month.
Separate set of data showed that Germany's exports rebounded at a
faster-than-expected pace in March, while the growth in imports slowed sharply.
Exports gained 0.9 percent on a monthly basis, reversing a 1.6 percent fall in
February. Shipments were forecast to climb 0.4 percent.
At the same time, monthly increase in imports eased to 0.3 percent from 3.0
percent in the previous month. Nonetheless, the outcome was better than the
expected 1.0 percent decrease.
As a result, the trade surplus increased to EUR 22.3 billion in March from EUR
21.4 billion in the previous month. The surplus was slightly below economists'
forecast of EUR 22.4 billion.
On a yearly basis, exports declined 8.3 percent after a 1.1 percent decrease.
Likewise, the fall in import deepened to 9.6 percent from 6.7 percent.
The benchmark DAX was up 77 points, or 0.4 percent, at 18,252 after climbing 1
percent in the previous session.
In corporate news, semiconductor-maker Infineon Technologies AG jumped 9 percent
despite cutting its revenue forecast in the current fiscal year.
Software developer TeamViewer slumped nearly 8 percent after reporting Q1
revenue and earnings below estimates.
Health technology company Siemens Healthineers tumbled 3.7 percent after Q2
revenue missed expectations.
Zalando soared 7.2 percent. The online fashion retailer backed its full-year
guidance after returning to growth in the first quarter.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
CAC 40 | 969400 | Paris | 8.167,50 | 17.05.24 18:05:02 | -20,99 | -0,26% | - | - | 8.176,79 | 8.167,50 |
|
FTSE 100 | 969378 | Financial Times SE | 8.420,26 | 17.05.24 17:35:29 | -18,39 | -0,22% | - | - | 8.438,65 | - |
|
DAX ® | 846900 | Xetra | 18.704,42 | 17.05.24 17:50:00 | -34,39 | -0,18% | - | - | 18.713,25 | 18.704,42 |
|
E-STOXX 50 ® | 965814 | STOXX Ltd. | 5.064,14 | 17.05.24 17:50:00 | -8,31 | -0,16% | 0,000 | - | 5.061,44 | 5.064,14 |
