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European Market Updates

DAX Rallies Led By Banks

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

German stocks rallied on Tuesday as fears over a banking crisis eased, and investors awaited the Federal Reserve's interest-rate decision.

The benchmark DAX was up 185 points, or 1.2 percent, at 15,118 after rallying 1.1 percent in the previous session.

Banks topped the gainers list, with Commerzbank rallying 5.4 percent and Deutsche Bank adding 4 percent.

Utility RWE rose 2.3 percent after reporting higher adjusted earnings in FY22.

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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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