{"id":59395,"date":"2025-05-06T09:57:07","date_gmt":"2025-05-06T09:57:07","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/05\/06\/dax-down-as-stocks-fall-amid-fresh-political-developments\/"},"modified":"2025-05-06T09:57:07","modified_gmt":"2025-05-06T09:57:07","slug":"dax-down-as-stocks-fall-amid-fresh-political-developments","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/05\/06\/dax-down-as-stocks-fall-amid-fresh-political-developments\/","title":{"rendered":"DAX Down As Stocks Fall Amid Fresh Political Developments"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> German stocks are down sharply on Tuesday with investors reacting to the first round of voting in the nation&#8217;s Parliament Election. The failure of Conservative leader Friedrich Merz to secure the required parliamentary majority to become chancellor has dealt a big blow to his coalition with center-left Social Democrats.<\/p>\n<p>Investors are also focusing on corporate earnings updates, and looking ahead to the Federal Reserve&#8217;s monetary policy announcement due on Wednesday. <\/p>\n<p>The benchmark DAX, which tumbled to 22,857.38 earlier in the session, was down 344.83 points or 1.48% at 22,990.59 a little while ago.<\/p>\n<p>German automotive parts maker Continental AG shares are down 0.6%. The company reported a net income of 68 million euros in its first quarter, compared to a loss of 53 million euros a year ago. Earnings per share were 0.34 euro, compared to loss of 0.27 euro last year.<\/p>\n<p>Covestro reported that its first quarter net loss was 160 million euros compared to a loss of 35 million euros, last year. Loss per share was 0.85 euros compared to a loss of 0.19 euros.  The stock is trading flat.<\/p>\n<p>HUGO BOSS reported an 8% drop in net income at 35 million euros in the first-quarter, compared to a year ago. Earnings per share was 0.51 euros compared to 0.55 euros. The stock is up more than 4.5%.<\/p>\n<p>MTU Aero Engines is declining more than 4%. BASF, Porsche, Rheinmetall, Infineon Technologies, Daimler Truck Holding, Deutsche Bank and Siemens are down 3 to 3.5%.<\/p>\n<p>Siemens, Heidelberg Materials, Siemens Energy, SAP, Commerzbank, Zalando, Bayer, Volkswagen, Adidas, Mercedes-Benz and BMW are also notably lower.<\/p>\n<p>Fresenius Medical Care is rising 3.6% on strong results.<\/p>\n<p>On the economic front, the HCOB Germany Composite PMI was revised higher to 50.1 in April 2025 from a preliminary of 49.7, and compared to 51.3 in March.<\/p>\n<p>The services sector slipped into contraction with the PMI falling to 49 in April from a reading of 50.9 9 in March. Meanwhile, manufacturing activity remained depressed with the manufacturing PMI coming in at 48.4 in April, compared to 48.3 in March. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>DAX Down As Stocks Fall Amid Fresh Political Developments<\/a><br \/>\n<br \/>2025-05-06 09:57:07<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>German stocks are down sharply on Tuesday with investors reacting to the first round of voting in the nation&#8217;s Parliament Election. The failure of Conservative leader Friedrich Merz to secure&#8230;<\/p>\n","protected":false},"author":2,"featured_media":59396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-59395","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/59395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=59395"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/59395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/59396"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=59395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=59395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=59395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}