November 25, 2020

Market and Financial News Aggregator

DAX Holds Steady On Vaccine Optimism

1 min read

German stocks held steady on Wednesday as caution set in after the recent string of gains on easing U.S. political uncertainty and hopes for a coronavirus vaccine.

The number of confirmed coronavirus cases climbed by a record 3.6 million globally last week, the World Health Organization (WHO) has said.

The benchmark DAX was up 20 points, or 0.1 percent, at 13,183 after gaining half a percent the previous day.

Continental AG tumbled 3 percent. The automotive parts manufacturing company announced a new outlook for fiscal 2020 based on certain assumptions.

Bechtle shares soared 12 percent. The information technology company raised its FY20 earnings view after reporting a rise in Q3 profit.

Cable and harnessing manufacturing firm Leoni slumped nearly 5 percent after it posted a third quarter net loss of 52 million euros.

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2020-11-11 04:11:18


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