News Formal

German Stocks Surge Despite Economic Headwinds

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 44 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 63%

Business Nouvelles

GERMAN STOCK MARKET,ECONOMIC GROWTH,US ECONOMY

Despite challenges like a struggling manufacturing sector and the collapse of the German government, the German stock market has seen impressive gains in 2024. Analysts attribute these successes to low initial expectations, exposure to the strong US economy, and the possibility of structural reforms under a new government following snap elections.

Several reasons underpin these gains, including low expectations at the start of the year, the exposure to the United States economy and the upcoming snap election, analysts told CNBC.

In late October, for instance, SAP shares hit an all-time high after the company raised its full-year targets and posted strong numbers for it cloud business. At the time, CEO Christian Klein said SAP was"confidently" raising the outlook and added"we are making strong progress on Business AI.""DAX companies generate a higher share of their revenue in the U.S. than in Germany.

This is particularly relevant when manufacturing, traditionally a big component of the German economy, has been hit hard throughout 2024. The latest PMI data showed further contraction for the embattled sector in December. "We don't know the actual political agenda," she said, noting it is unclear how many parties will be forming the upcoming government, but lower regulations and relaxing the debt brake may help improve sentiment.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 288. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Nissan and Honda Denies Merger Reports Despite Share Price SurgeNissan and Honda have denied reports of a merger despite a surge in Nissan's share price following speculation of a deal. The two companies confirmed they are discussing closer collaboration but emphasized no decisions have been made.
La source: wjxt4 - 🏆 246. / 63 Lire la suite »

Stocks Week Ahead: Extreme Optimism in Markets Could Meet a Volatility SurgeMarket Overview Analysis by Michael Kramer covering: Euro US Dollar, British Pound US Dollar, US Dollar Japanese Yen, US Dollar Swiss Franc. Read Michael Kramer's latest article on Investing.com
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stock market today: Asian stocks track Wall Street gain with Nvidia report and bitcoin surgeAsian stock rise following gains on Wall Street after market superstar Nvidia and other companies said they’re making even fatter profits than expected.
La source: wjxt4 - 🏆 246. / 63 Lire la suite »

Metals: LME lead stocks surgeLME lead stockpiles surged to the highest level since 2013 yesterday after a second consecutive day of big inflows into the exchange’s sheds in Singapore, ING’s commodity analysts Warren Patterson and Ewa Manthey note.
La source: FXStreetNews - 🏆 14. / 72 Lire la suite »