
On Tuesday, DAX exhibit signs of weakness, influenced by rising bond yields and data indicating a further decline in the nation’s factory orders. The benchmark DAX experienced a decline of 24.24 points, reflecting a decrease of 0.1%, currently standing at 24,371.99. Investors remain attentive to the political developments in France, where Prime Minister Sebastien Lecornu, who tendered his resignation on Monday, has been requested to persist in negotiations with other political parties in an effort to resolve the ongoing crisis.
In light of the political uncertainty prevailing in France, there has been an uptick in bond yields throughout Europe. The yield on the German 10-year bond has increased to more than 2.73%. Data indicated that German factory orders experienced a decline of 0.8% on a month-over-month basis in August, subsequent to a 2.7% drop in July. This diverged from the expected rise of 1.2%. When excluding large orders, new orders experienced a decline of 3.3% compared to the prior month. Where as –
- Bayer has experienced a decline of 4.3%.
- Infineon Technologies, BMW, Heidelberg Materials, Merck, and
Commerzbank have experienced declines ranging from 1% to 1.4%. - Fresenius, Deutsche Post, Continental, Mercedes-Benz, and Rheinmetall
are experiencing a notable decline.
Meanwhile, SAP has increased by 1.3%, Scout24 has risen by 1.1%, Adidas is experiencing a nearly 1% uptick, and Symrise has seen a 0.9% gain. Hannover Rueck and Beiersdorf have experienced moderate increases in their valuations.