German stocks are showing restraint on Thursday morning, reflecting a similar sentiment across the region, as investors proceed with caution due to the absence of new catalysts. Concerns about potential new tariffs from the Trump administration continue to impact investor sentiment.
Market participants are keenly awaiting U.S. President Donald Trump's keynote speech at the World Economic Forum in Davos, Switzerland, scheduled for later today, seeking further guidance.
The key DAX index has risen by 35.78 points or 0.18%, reaching 21,296.09.
Shares of sportswear company Puma have plummeted over 17% following the announcement of a cost-cutting initiative in response to preliminary results indicating a decline in operational profit. While Puma reported an operating profit of €109 million and a net income of €24 million, surpassing last year's figures, they fell short of expectations.
Puma recorded a currency-adjusted sales growth of 9.8%, reaching €2,289 million in the fourth quarter of 2024. For the full year, sales increased by 4.4% to €8,817 million, aligning with projections.
In other movements, Qiagen and Porsche have dipped 1.2% and 1%, respectively. Companies such as HeidelbergCement, Beiersdorf, Daimler Truck Holding, SAP, Vonovia, Mercedes-Benz, and Infineon are experiencing modest declines.
On the upside, Rheinmetall is advancing by nearly 3%, and Fresenius Medical Care has risen by 2.5%. Meanwhile, Volkswagen, Fresenius, Bayer, Commerzbank, Allianz, Siemens Energy, Deutsche Bank, and Deutsche Telekom have increased by 0.5% to 1.6%.
The material has been provided by InstaForex Company -
www.instaforex.com
