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German stocks are moving in a narrow range in somewhat lackluster trade Friday morning with investors continuing to track earnings updates, and digesting German and Eurozone PMI data.<\/p>\n
The focus is also on Germany’s upcoming elections on Sunday.<\/p>\n
While preliminary data showing improvement in Germany’s manufacturing activity in the month of February is aiding sentiment a bit, fears of fresh tariffs by the Trump administration and lingering worries about geopolitical tensions render the mood cautious.<\/p>\n
The benchmark DAX was down 16.06 points or 0.07% at 22,324.49 a little while ago.<\/p>\n
Mercedes-Benz is down 1.6%. Sartorius, Qiagen, MTU Aero Engines, Deutsche Boerse, Commerzbank, Hannover Rueck, Munich RE, Fresenius and Merck are down 0.3 to 1.1%.<\/p>\n
Symrise, BASF, Vonovia, Continental, Deutsche Post, Volkswagen, Siemens Energy, Zalando, HeidelbergCement, Brenntag, Bayer, Adidas and Porsche are up 0.5 to 1%.<\/p>\n
Data from S&P Global said the HCOB Germany Composite PMI rose to 51 in February, from 50.5 in January, according to flash estimates. The manufacturing PMI increased to a 24-month high of 46.1 in February, rising from a score of 45 in January. <\/p>\n
Meanwhile, the Services PMI eased to 52.2 in February, from 52.5 a month earlier. <\/p>\n
The HCOB Eurozone Composite PMI at 50.2 in February of 2025, remaining unchanged from the previous month for a second consecutive period. The Eurozone manufacturing PMI rose to 47.3 in February from 46.6 in January, while services PMI fell to a three-month low of 50.7 in February, down from 51.3 in January. <\/p>\n<\/p>\n
Market Analysis<\/p>\n<\/div>\n