DAX Recovers After 200 Points Fall; Adidas Rises On Strong Earnings
From Nasdaq: 2025-04-24 05:41:00
German stocks are down on Thursday due to uncertainty over U.S. tariffs and mixed earnings reports. The DAX is down 0.43% after dropping over 200 points earlier. SAP is down 2.5% after previous gains, while Adidas is up nearly 3% on strong quarterly results. Quarterly revenues for Adidas grew to 6.153 billion euros, with a gross margin improvement to 52.1%. Vonovia, Infineon Technologies, and Symrise are gaining, while the Ifo Business Climate indicator for Germany in April edged higher to 86.9. The business conditions index dropped, but the current conditions index rose.
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