DAX Rebounds As Auto And Travel Stocks Surge
German stocks rose notably on Tuesday as the dollar paused for breath and U.K. ten-year gilt yields slipped back after their recent surges.
Euro zone government bond yields rose to new multi-year highs, with German 10-year bond yields hovering near 11-year highs as investors awaited comments from four members of the European Central Bank Governing Council later in the day.
The benchmark DAX was up 113 points, or 0.9 percent, at 12,341 after losing half a percent the previous day.
Jungheinrich AG shares jumped 3 percent. Hans-Georg Frey has decided to resign as member and also as Chairman of the Supervisory Board with effect from the end of the Annual General Meeting on 11 May 2023.
Hugo Boss fell 1.7 percent after Deutsche Bank downgraded the stock to 'hold'
Automakers BMW and Volkswagen were up over 1 percent.
Travel related stocks were also gaining ground, with Lufthansa adding 1.4 percent and TUI climbing 2 percent.
Market Analysis
Reprinted from RTTNews，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.