Germany Stocks Rise at Close of Trade; DAX Up 0.75%

Germany’s stock market closed higher on Tuesday, buoyed by gains in several sectors. The DAX index rose by 0.75%, while the MDAX climbed 0.26%, and the TecDAX gained 0.56%.

Leading the way was Bayerische Motoren Werke AG, which jumped 3.55%, or 2.68 points, closing at 78.12. Commerzbank AG followed with a 2.57% increase, adding 0.38 points to finish at 15.16, and Zalando SE saw a 2.24% rise, up 0.62 points to 28.30 in late trading.

Conversely, the session’s poorest performers included Heidelberg Materials AG, which experienced a decline of 1.02%, or 1.00 points, finishing at 96.94. Deutsche Boerse AG fell by 0.90%, losing 1.90 points to close at 209.10, and Vonovia SE dropped 0.84%, down 0.27 points to end at 31.80.

On the MDAX, HelloFresh SE stood out with a 6.35% gain, closing at 8.81. Hypoport AG also performed well, rising 6.18% to finish at 292.20, while Carl Zeiss Meditec AG gained 4.48%, ending at 60.60. On the downside, Nordex SE fell 4.34% to 14.76, Hella KGaA Hueck & Co lost 2.77% to settle at 87.60, and Rational AG was down 1.56% to close at 884.50.

In the TecDAX, Carl Zeiss Meditec AG led with a 4.48% increase, followed by Elmos Semiconductor AG, which rose 2.74% to 63.70, and Evotec AG, which gained 2.16% to close at 5.91. However, Nordex SE again showed weakness with a 4.34% decline, while Atoss Software AG fell 2.74% to 127.80, and SMA Solar Technology AG decreased 1.73% to 17.59.

Rising stocks outnumbered declines on the Frankfurt Stock Exchange with 363 advancements against 237 declines, while 33 remained unchanged. Zalando SE’s shares reached a 52-week high, rising 2.24% or 0.62 to 28.30.

The measure of implied volatility for DAX options decreased by 7.83% to reach 14.20. In commodity markets, gold futures for December delivery were up 0.80%, or 21.35, priced at $2,673.85 per troy ounce. Crude oil for November delivery increased by 1.65%, or 1.16, and was trading at $71.53 a barrel, while December Brent oil rose by the same percentage to reach $74.42 a barrel.

The EUR/USD pairing remained stable, showing a 0.40% change to 1.12, while EUR/GBP was minimally altered, moving 0.11% to 0.83. The US Dollar Index Futures noted a decrease of 0.29% to 100.27.