15.05.2024 10:57:11 - dpa-AFX: DAX Climbs On Earnings

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks traded higher on
Wednesday as investors cheered mostly positive earnings results and awaited key
U.S. CPI data later in the day for additional clues on the Fed's rate
trajectory.

The benchmark DAX was up 93 points, or half a percent, at 18,809 after declining
0.1 percent in the previous session.

In corporate news, diversified group Merck KGaA surged 4.2 percent after Q1
adjusted profit fell less than expected.

Thyssenkrupp shares plunged 5.8 percent as the conglomerate cut its annual sales
and profit forecasts for the second time in three months.

Energy group RWE rose about 1 percent after posting better-than-expected Q1
profit.

Lender Commerzbank jumped 4.2 percent after reporting its best quarterly profit
in more than 10 years and upgrading outlook for lending income this year.



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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 7.990,90 29.05.24 11:40:45 -66,90 -0,83% - - 8.033,56 8.057,80
FTSE 100 969378 Financial Times SE 8.230,30 29.05.24 11:40:45 -23,88 -0,29% - - 8.254,18 -
DAX ® 846900 Xetra 18.554,27 29.05.24 11:40:46 -123,60 -0,66% - - 18.677,70 18.677,87
E-STOXX 50 ® 965814 STOXX Ltd. 4.997,05 29.05.24 11:40:45 -33,30 -0,66% 0,000 - 5.027,52 5.030,35

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