DAX Rises To New Record High On Strong Factory Orders

Macro
โดย RTTNews·Read original
Summary · why it matters

German stocks moved higher on Monday, lifting the benchmark DAX to a new record high of 25,902.91, as strong factory orders data and expectations of strong earnings updates and easing inflation concerns aided sentiment. The DAX was up 47.74 points or 0.18% at 25,845.22 around noon. Germany's factory orders rebounded at a stronger-than-expected pace in May, expanding 1.9% on a monthly basis, in contrast to the revised 3.2% drop in April, data from Destatis showed. Orders were forecast to grow 1.1%. Among individual stocks, Scout24 was the top gainer, up 2.75%, while SAP and Deutsche Boerse moved up nearly 2%.

Impact on stocks 3

Real Estate · 1 stocks
Scout24 AG
G24
▲ PositiveDemandrelevance

Scout24 was the top gainer, up 2.75%, driven by strong factory orders data and positive market sentiment.

Cloud & Digital Infrastructure · 1 stocks
SAP SE
SAP
▲ PositiveDemandrelevance

SAP moved up nearly 2% on strong factory orders data and expectations of strong earnings updates.

Financials · 1 stocks
Deutsche Börse AG
DB1
▲ PositiveCapitalrelevance

DAX record high and positive market sentiment lift Deutsche Boerse as exchange operator benefits from higher trading volumes.