The DAX Index Opens 0.69% Higher

Frankfurt’s DAX 40 opened 0.6% higher to above 25,400 on Tuesday, rising for a third consecutive session as gains in major US technology stocks and easing oil prices lifted global equities. Markets are also focused on a series of economic releases, with German industrial orders falling 10.6% in August, far more than the 1% decline expected. Construction PMI is due later in the day, while investors will also watch comments from ECB Governing Council member Olli Rehn on the economy and monetary policy. Concerns over France’s budget position remain a headwind on the broader market, however, after pushing the euro to a 17-month low. On the corporate side, Merck led the gainers, climbing 3.79%, followed by Qiagen NV (3.40%) and Henkel (1.67%). On the downside, Daimler Truck Holding fell 1.07%, while Rheinmetall and Beiersdorf slipped 0.53% and 0.34%, respectively. Porsche is also in focus as the automaker holds a media day.

The DAX Index is up by 175 points or 0.69 percent on Tuesday. Top gainers are Merck (3.79%), Qiagen NV (3.40%) and Henkel (1.67%). Biggest losses came from Daimler Truck Holding AG (-1.07%), Rheinmetall (-0.53%) and Beiersdorf (-0.34%).

The DAX Index gained 23 points or 0.09 percent on Monday to close at 25254 points. Gains were led by Rheinmetall (2.20%), Fresenius Medical Care (1.77%) and Volkswagen (1.39%). Biggest losers were Bayer (-2.18%), Infineon (-1.81%) and Hochtief (-1.77%).