{"id":55911,"date":"2025-02-06T09:12:21","date_gmt":"2025-02-06T09:12:21","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/02\/06\/dax-rises-nearly-1-on-encouraging-earnings-economic-data\/"},"modified":"2025-02-06T09:12:21","modified_gmt":"2025-02-06T09:12:21","slug":"dax-rises-nearly-1-on-encouraging-earnings-economic-data","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/02\/06\/dax-rises-nearly-1-on-encouraging-earnings-economic-data\/","title":{"rendered":"DAX Rises Nearly 1% On Encouraging Earnings, Economic Data"},"content":{"rendered":"
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German stocks are up in positive territory Thursday morning with investors reacting to a slew of earnings updates, and factory orders and construction PMI data, while continuing to assess the U.S. government’s trade policies and tariff moves.<\/p>\n

The Bank of England’s monetary policy announcement is due later in the day.<\/p>\n

The benchmark DAX rose to 21,756.67, gaining 204.52 points or 0.94%.<\/p>\n

Siemens Healthineers is rising more than 6.5% on strong earnings and encouraging guidance. For the first quarter, net income grew 11% to 478 million euros from last year’s 432 million euros. Basic earnings per share were 0.42 euro, up 10% from last year’s 0.39 euro. Adjusted basic earnings per share were 0.51 euro, compared to 0.49 euro a year ago.<\/p>\n

Adjusted EBIT, a key earnings metric, grew 11% to 822 million euros from prior year’s 742 million euros. Adjusted EBIT margin was 15%, up from 14.3% a year earlier.<\/p>\n

Infineon is gaining 3.75%, Siemens Energy is up 2.3% and BASF is advancing 2.1%. Munich RE, HeidelbergCement, Siemens, Adidas, Zalando, Allianz and Commerzbank are up 0.6 to 1.2%.<\/p>\n

Qiagen is declining 3.7%. RWE, Mercedes-Benz, MTU Aero Engines, Rheinmetall and Henkel are down 0.6 to 1%.<\/p>\n

Data from Destatis showed Germany’s factory orders rebounded at a much stronger than expected pace in December largely driven by the manufacture of transport equipment.<\/p>\n

New orders increased 6.9% month-on-month in December, reversing a revised 5.2% fall in November. Orders were forecast to grow only 1.9%. Excluding large-scale orders, new orders were 2.2% higher than in the previous month.<\/p>\n

Data showed that overall growth was driven by the 55.5% surge in the manufacture of other transport equipment. Orders in the automotive industry dropped 3.2%. New orders for capital goods and consumer goods advanced 10.9% and 7.7%, respectively. New orders in the intermediate goods grew only 0.2%.<\/p>\n

Domestic orders registered a double-digit growth of 14.6% and foreign orders rose 1.4%.<\/p>\n

In the whole year of 2024, new orders dropped 3% from 2023. Destatis said the downward trend seen since 2021 continued in the first half of 2024, while a stabilizing trend was observed in the second half.<\/p>\n

A report from S&P Global said the Construction PMI in Germany increased to 42.50 points in January from 37.80 points in December of 2024. <\/p>\n<\/p>\n<\/div>\n