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European Commentary

German Market Moderately Higher

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

The German market is moderately higher in afternoon trading Tuesday, as investors remained optimistic about policy actions from central banks to support the economy and data showed that Eurozone producer price inflation eased to the lowest level in more than two years in May.

The Euro Stoxx 50 index of eurozone bluechip stocks is adding 0.35 percent, while the Stoxx Europe 50 index, which includes some major U.K. companies, is gaining 0.37 percent.

The DAX index opened higher and is currently adding 0.70 percent.

ThyssenKrupp is adding 3.4 percent. Outside the main index, Salzgitter is climbing 3.6 percent.

K+S is rising 2.2 percent and Allianz is adding 2.1 percent.

Deutsche Bank is gaining 1.3 percent and Commerzbank is up 0.3 percent.

Deutsche Boerse is losing 1 percent. Linde and E.ON are moderately lower. Kepler raised Linde to "Buy" from "Hold."

Axel Springer is gaining 2.5 percent. Berenberg raised the stock to "Buy" from "Hold."

Klöckner is climbing 3.1 percent. Kepler cut the stock to "Reduce" from "Buy."

Elsewhere in Europe, the French CAC 40 is adding 0.16 percent and the UK's FTSE 100 is gaining 0.24 percent. Switzerland's SMI is gaining 0.61 percent.

In economic news from the eurozone, the producer price inflation in the domestic market eased to 2.3 percent in May from 2.6 percent in April. This is the weakest rate since March 2010. On a monthly basis, the producer price index fell 0.5 percent, following a 0.1 percent gain in the preceding month.

The subdued inflation figures have fueled hopes for an interest rate cut by the European Central Bank in the upcoming meeting on Thursday.

Across Asia, markets ended in the green. China's Shanghai Composite Index gained 0.1 percent, Hong Kong's Hang Seng climbed 1.5 percent and Japan's Nikkei 225 rose 0.70 percent. Australia's All Ordinaries slipped 0.15 percent.

In the U.S., futures point to a mixed open on Wall Street. In the previous session, the major averages bounced back and forth across the unchanged line before ending the session mixed. The Dow edged down 0.1 percent, while the Nasdaq rose 0.6 percent and the S&P 500 crept up 0.3 percent.

In the commodity space, crude for August delivery is adding $1.67 to $85.42 per barrel and August gold is gaining $12.6 to $1610.3 a troy ounce.

For comments and feedback contact: editorial@rttnews.com

Market Analysis

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

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