Market Performance
The German stock market shows a pleasing dynamic on April 29, 2025, driven by impressive quarterly numbers from several DAX heavyweights. The DAX gains between 0.6% and 1.8% during the day, with technical indicators such as the 50-day EMA (exponential moving average) indicating a sustained upward trend. While the French CAC40 declines slightly, German stocks benefit from robust corporate reports.
Key Companies in Focus
Rheinmetall (RHM.DE)
- Revenue: €2.31 billion (vs. expected €1.95 billion) – an increase of about 18% over estimates.
- Operating income: Jump to €199 million, corresponding to an operating margin of 8.7%.
- Order intake: Explodes by 181% to €11 billion, driven by defense demand.
- Price reaction: +6% intraday, at times up to +7% in early trading phases.
Deutsche Bank
- Profit Jump: Significant outperformance of expectations leads to a price increase of up to 3.7%.
- Market Position: JPMorgan highlights improved market shares in fixed income trading.
Other Players
| Company | Performance | Drivers |
|---|---|---|
| Symrise | +4.5% | Confirmed annual targets and optimistic management statement |
| MTU | +2.6% | Exceeded forecasts in the engine business |
| Porsche AG | Mixed reaction* | Details in reports less prominent than competitors |
| Lufthansa | -4.7% | US trade conflict and poor start numbers for the year |
Technical Analysis & Strategy Implications
The DE40 contract stabilizes above the critical EMA level and continues its upward trend – a signal for momentum traders to extend positions in DAX futures or ETFs like the iShares Core DAX UCITS ETF.
For private investors, the following points are relevant:
- Rheinmetall shares show structural strength due to long-term defense contracts.
- Deutsche Bank benefits from the interest rate environment and trading activities.
- Sector rotation towards cyclicals is evident.
These developments underline the importance of active portfolio management in light of divergent individual stock performances within the leading index.