Dax Index News: Bullish Outlook as DAX Eyes 4-Day Rally on Trade and Fed Sentiment

In contrast, German exports rose 0.8% MoM in June after falling 1.4% in May, while imports jumped 4.2% (May: -3.8%). Demand from EU countries bolstered Germany’s trade terms. Notably, exports to the US fell 2.1%, while imports from the US surged 19.8%, potentially easing US-EU trade tensions.

The upbeat trade data and expectations of a Fed rate cut bolstered demand for German-listed stocks.

Mixed Earnings Results Cap Early Gains

Allianz SE jumped 4.16% after posting strong earnings results, lifting the broader sector. Hannover Re and Munich Re advanced 0.51% and 0.88%, respectively.

Auto shares contributed to the morning gains. Daimler Truck Holding climbed 0.53%, with BMW, Mercedes-Benz Group, Porsche, and Volkswagon also posting early gains.

However, Deutsche Telekom AG tumbled 5.22% despite meeting consensus on profits and raising its outlook. Rheinmetall AG led the losses, sliding 7.19% after leaving its forecast unchanged.

Corporate News and Fed Rate Hike Bets Lift US Equity Markets

US markets rallied on Wednesday, August 6, reversing their losses from the previous session. The Dow and the S&P 500 advanced 0.18% and 0.73%, respectively, while the Nasdaq Composite Index gained 1.21%.