Dax Futures remain in positive territory Tuesday afternoon, although they have reduced some of their early gains. The benchmark DAX, which reached a high of 23,730.83 earlier in the session, has increased by 77.88 points or 0.33%, currently standing at 23,614.35. Data indicates a notable acceleration in Germany’s private sector activity for September, alongside an uptick in Eurozone service sector growth, which supports overall sentiment.

Infineon Technologies is experiencing a gain of 3.6%, Adidas has increased by 2.7%, and Volkswagen is up by 2.5%. Additionally, Porsche Automobil Holding, GEA Group, Brenntag, and Fresenius Medical Care are showing increases ranging from 2% to 2.2%. Daimler Truck Holding, Vonovia, Siemens Energy, MTU Aero Engines, Continental, Mercedes-Benz, Deutsche Post, Symrise, Deutsche Bank, and Siemens are experiencing gains ranging from 1% to 1.8%. Heidelberg Materials, Commerzbank, and Rheinmetall have experienced a decline of 1.3 to 1.4%. Deutsche Boerse, Qiagen, and Munich RE are experiencing moderate declines.

In September, Germany’s private sector growth reached a 16-month peak, driven by a resurgence in the service sector. The HCOB composite output index increased to 52.4 in September, surpassing expectations of remaining steady at 50.5. The reading remained above the 50.0 threshold for the fourth consecutive month, indicating the fastest growth in the private sector since May 2024. The improved performance indicated a resurgence in service sector business activity, which came after a minor decline in August. The services Purchasing Managers’ Index increased to an eight-month high of 52.5, up from 49.3 in the prior month. The reading exceeded the forecast of 49.5. The factory PMI experienced a decrease, falling to 48.5 from 49.8 in the prior month. The reading was recorded at 50.0.

The HCOB Flash Eurozone Composite Purchasing Managers’ Index, compiled by S&P Global, increased to 51.2 in September from 51.0 in August, indicating the ninth consecutive month of growth; however, new orders remained stagnant after a brief expansion in August. The services sector contributed positively to business activity; however, the manufacturing sector experienced a downturn, leading to a more uncertain outlook.