Scout24 AGScout24 was the top gainer, up 2.75%, driven by strong factory orders data and positive market sentiment.
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%.
Scout24 AGScout24 was the top gainer, up 2.75%, driven by strong factory orders data and positive market sentiment.
SAP SESAP moved up nearly 2% on strong factory orders data and expectations of strong earnings updates.
Deutsche Börse AGDAX record high and positive market sentiment lift Deutsche Boerse as exchange operator benefits from higher trading volumes.