DAX Drifts Lower Despite Strong Industrial Output Data

From Nasdaq: 2025-01-09 04:55:02

German stocks are slightly weak despite a 1.5% increase in industrial output in November. The DAX 30 is down 0.22% at 20,272.35, with Munich RE and Porsche down 2.2% and 2.1%. On the positive side, Siemens Energy is up 2.2% and Commerzbank is up 1.6%. Germany’s exports grew 2.1% in November, improving from October. However, imports decreased by 3.3%. As a result, the trade surplus increased to EUR 19.7 billion. Year-on-year, exports decreased by 6.5% and imports by 5.2%. The market is also concerned about potential tariff hikes by the U.S. amid weak factory order and retail sales data.



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