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Today was a busy day on the DAX. SAP announced strong quarterly results, driving optimism in the software sector. Meanwhile, the automotive industry saw mixed movements. Volkswagen shares dipped slightly after the morning bell, while Porsche remained stable despite supply chain concerns.
In the industrial sector, Siemens and Siemens Energy are continuing their restructuring plans. Analysts are also watching Deutsche Telekom closely as they expand their 5G network across Europe.
Across the Atlantic, US tech stocks are rallying. Tesla surged 3% in pre-market trading, and Apple is expected to reveal new products later this week. Investors are also keeping an eye on Nvidia due to the ongoing AI boom.
