German Stocks Rise; DAX Hits Upper Range, Lufthansa, Puma Shares Contrast
German stock indices closed higher on Tuesday, with the DAX, MDAX, and SDAX all posting gains. The DAX reached its upper trading range, while Lufthansa and Puma stocks were in focus due to contrasting fortunes.
The DAX climbed 0.57 percent to 23,879 points, driven by broad-based gains despite geopolitical uncertainty. The MDAX and SDAX also rose, up 0.4 percent to 30,245 points and 0.3 percent to 16,922 points respectively.
Lufthansa shares were the biggest losers, down 7.1 percent. This was due to concerns over a potential pilot strike and ambitious medium-term goals. However, the airline's stock was not the only one in focus. Puma shares surged 4.6 percent after Exane BNP Paribas lifted its negative recommendation. Hornbach shares also saw significant interest.
Auto1 shares gained 2.9 percent following news of expanded reconditioning capacities in Europe. The DAX reached its upper trading range and could target the 24,000-point mark on Wednesday. Meanwhile, the Euro-Stoxx-50, FTSE 100, and Swiss SMI closed with gains, while US indices were in a moderate loss zone due to concerns over a potential US government shutdown.
Tuesday's trading session saw German stocks perform well, with the DAX, MDAX, and SDAX all closing higher. Lufthansa and Puma stocks were notable for their contrasting fortunes, while Auto1 shares gained on expansion news. Global markets were mixed, with US indices losing ground due to political uncertainty.
