DAX Gains as Eurozone PMI Hits Highest Level

Dax Futures

The benchmark DAX was in positive territory at noon on Wednesday, continuing the modest uptrend from the previous session. Data indicating robust growth in the Eurozone’s private sector for November contributed to bolstering sentiment. The benchmark DAX, having reached 23,847.55 earlier in the session, was up 39.78 points or 0.17% at 23,749.65.

Hugo Boss shares experienced a decline exceeding 11%. The German fashion group indicated that it anticipates a decline in sales and profits for 2026, followed by a return to growth starting in 2027. Where as –

  • Merck experienced an increase of 3.3%, whereas Continental and Infineon Technologies saw rises of 3.2% and 2.6%, respectively.
  • E.ON, Volkswagen, Heidelberg Materials, and Rheinmetall experienced increases ranging from 1.2% to 2%, whereas Zalando, BMW, Porsche Automobil Holding, MTU Aero Engines, and Siemens saw gains between 0.5% and 1%.
  • Allianz, Hannover Rueck, Deutsche Boerse, and Commerzbank experienced declines ranging from 1 to 1.4%, whereas Munich RE, Deutsche Bank, and BASF saw reductions between 0.6 and 0.8%.

On the economic front, the Eurozone private sector recorded its most robust growth since May 2023, with both manufacturing and service sectors demonstrating an increase in output, according to data. The HCOB final composite output index increased to 52.8 in November, up from 52.5 in the preceding month. The reading exceeded the preliminary score of 52.4. The survey indicated a robust momentum in services during November, whereas the growth in factory output has decelerated to a nine-month low. The HCOB services Purchasing Managers’ Index increased to 53.6, up from 53.0 in the preceding month. The preliminary reading was 53.1.

The French economy has recorded its initial expansion in 15 months, whereas German growth has shown a moderation from the peak observed in October, which was the highest in 29 months. In November, Germany’s private sector growth experienced a slowdown; however, the overall expansion continued to exhibit strength, bolstered by increases in both manufacturing and services output.  The composite output index registered at 52.4 in November, a decline from October’s 53.9 and the preliminary figure of 52.1. The services PMI registered at 53.1, a decline from the 29-month peak of 54.6 observed in October. The preliminary figure stood at 52.7.