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 7.627,45 08.07.24 18:05:02 -48,17 -0,63% - - 7.637,89 7.675,62
FTSE 100 969378 Financial Times SE 8.193,49 08.07.24 17:35:29 -10,44 -0,13% - - 8.203,93 -
DAX ® 846900 Xetra 18.472,05 08.07.24 17:50:00 -3,40 -0,02% - - 18.474,27 18.475,45
E-STOXX 50 ® 965814 STOXX Ltd. 4.969,83 08.07.24 17:50:00 -9,56 -0,19% 0,000 - 4.976,53 4.979,39

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