German stocks rise despite Europe's weakness

Note: This section contains information in English only.
Source: Dukascopy Bank SA

German blue chips index rose on Tuesday despite weakness of the other European stock indices. German DAX 30 Index gained 0.43% to trade at 6,806.80 at the time of writing. Bayer added 2.6% after the company upgraded its sales forecast for the current year. Meanwhile, Infineon Technologies soared 7.97% as the Europe second-largest semiconductor producer reduced spending drastically to cope with weak chip demand that weights down on company's profitability. At the same time, financials recovered early losses, with Deutsche Bank and Commerzbank climbing 2.09% and 1.03%.

 

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