{"id":59179,"date":"2025-04-30T10:04:59","date_gmt":"2025-04-30T10:04:59","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/04\/30\/dax-extending-gains-to-7th-session\/"},"modified":"2025-04-30T10:04:59","modified_gmt":"2025-04-30T10:04:59","slug":"dax-extending-gains-to-7th-session","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/04\/30\/dax-extending-gains-to-7th-session\/","title":{"rendered":"DAX Extending Gains To 7th Session"},"content":{"rendered":"
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German stocks are up on Wednesday, rising for a seventh straight session, amid easing trade tensions, and on fairly encouraging quarterly results from big name companies. Investors are also digesting a slew of economic data.<\/p>\n

According to media reports, China had quietly compiled a list of U.S.-made goods exempt from its 125 percent tariffs – seeking to ease trade tensions without public concessions.<\/p>\n

U.S. President Donald Trump said he believes the U.S. will have a deal with India on trade.<\/p>\n

The White House has also had “substantial talks” with Japan, and “the contours of a deal” with South Korea could be coming together, Treasury Secretary Scott Bessent said. <\/p>\n

The benchmark DAX, which climbed to 22,610.50 earlier in the session, was up 106.75 points or 0.48% at 22,556.60 a little while ago.<\/p>\n

Deutsche Post is up 3.2% and Deutsche Boerse is gaining 2.3%. Deutsche Telekom is rising 2.1% and Bayer is up by about 2%. <\/p>\n

Fresenius Medical Care, Qiagen, Rheinmetall, Vonovia, Continental, MTU Aero Engines, Fresenius, Siemens and Benntag are up 1 to 2%.<\/p>\n

Volkswagen is gaining about 0.5%. Volkswagen Group reported earnings of 2.19 billion euros in fiscal 2024, down 40.6% from 3.68 billion euros a year earlier. Operating result declined 36.9% to 2.87 billion euros from 4.55 billion euros a year ago.<\/p>\n

Sales revenue, however, grew 2.8% to 77.56 billion euros from prior year’s 75.46 billion euros, due to higher vehicle sales in markets<\/span> outside China. <\/p>\n

Looking ahead, for fiscal 2025, Volkswagen continues to expect the sales revenue to exceed the previous year’s figure by up to 5%. The operating return on sales for the Group is still expected to be between 5.5 and 6.5%. The outlook does not include any impact from recently announced tariffs.<\/p>\n

Mercedes-Benz is declining nearly 1%. Mercedes-Benz Group reported a net profit attributable to shareholders of 1.678 billion euros or 1.74 euros per share in the first-quarter of 2025, down from 2.974 billion euros or 2.86 euros per share last year.<\/p>\n

Siemens Energy is down by about 1.4%. Deutsche Bank, Adidas and Commerzbank are down 2.3%, 2.4% and 3.3%, respectively. Zalando is lower by about 3.7%.<\/p>\n

On the economic front, preliminary data showed the Eurozone economy<\/span> expanded by 0.4% in the three months to March of 2025 after growing by 0.2% in the fourth quarter of 2024.<\/p>\n

The German economy recovered in the first quarter driven by higher private consumption and investment, flash data from Destatis revealed. Gross domestic product grew 0.2% sequentially, offsetting the 0.2% fall in the preceding quarter. The rate also matched economists’ expectations.<\/p>\n

The unemployment rate in Germany rose slightly in April, the Federal Employment Agency said today. The jobless rate rose to 6.3% from 6.2% in March.<\/p>\n

Germany’s retail sales declined 0.2% in March, a slower than expected pace, according to preliminary data from Destatis. In February retail sales had increased by 0.2%. Sales were expected to decline 0.4% in March.<\/p>\n

Year-on-year, retail sales growth slowed to 2.2% in March from 4.3% in the previous month. <\/p>\n

Germany’s import prices increased 2.1% year-on-year in March, slowing from a 3.6% rise in February, which was the fastest pace since January 2023. On a monthly basis, import prices fell 1.0% in March, the first monthly decline in six months and the steepest fall since December 2023, reversing a 0.3% rise in February and compared to market estimates of a 0.7% drop. <\/p>\n<\/p>\n<\/div>\n