16.05.2024 10:54:04 - dpa-AFX: DAX Slips Into Red On Earnings; Siemens Falls Over 4%

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks were slightly lower on
Thursday, after having gained notably the previous day on expectations
surrounding possible interest-rate cuts by the Federal Reserve this year.

The benchmark DAX was down 34 points, or 0.2 percent, at 18,835 after climbing
0.8 percent the previous day.

Automakers BMW and Daimler Truck were up 0.6 percent 2 percent, respectively.

Siemens shed 4.2 percent after the company posted a drop in its second-quarter
earnings at its industrial business.

Freenet lost 2.6 percent after its first quarter Group EBITDA decreased to 124.2
million euros from the previous year's 128.1 million euros.

Deutsche Telekom slipped half a percent. The telecom major reported that its
first-quarter net profit plunged 87.1 percent to 1.98 billion euros from last
year's 15.36 billion euros.



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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 7.992,87 31.05.24 18:05:02 +14,36 +0,18% - - 7.972,55 7.992,87
FTSE 100 969378 Financial Times SE 8.275,38 31.05.24 17:50:00 +44,33 +0,54% - - 8.231,05 -
DAX ® 846900 Xetra 18.497,94 31.05.24 17:50:00 +1,15 +0,01% - - 18.495,22 18.497,94
E-STOXX 50 ® 965814 STOXX Ltd. 4.983,67 31.05.24 17:50:00 +1,49 +0,03% 0,000 - 4.985,71 4.983,67

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