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Mercedes, Porsche, VW Stock Lead Dax 40 to Record Highs on Ukraine Peace Talks
Skerdian Meta•Thursday, February 13, 2025•2 min read
The Dax 40 index gained another 1% today, as it kept marching higher, while the UK FTSE 100 dived 1.5% lower after a soft UK GDP report.
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European stock markets experienced robust gains, headed by Germany’s DAX, which saw a major surge. Expectations for a settlement between Russia and Ukraine, stabilizing inflation figures, and optimism about earnings all contributed to the upbeat mood. Trump continues to be a big impact in markets and we’re awaiting further stories on reciprocal tariffs and any further advances on his mediation of the Russia-Ukraine issue. .
Key Movements in European Stock Markets
- DAX (Germany): Closed +464 points higher (+2.09%) at 22,612, leading European gains as strong corporate earnings and improving economic sentiment boosted investor confidence.
- CAC 40 (France): Finished +122 points (+1.52%) at 8,164, driven by strength in financials and industrials.
- IBEX 35 (Spain): Closed slightly higher by +24.80 points (+0.19%) at 12,936.30, reflecting mixed performance among major Spanish stocks.
- FTSE All-Share (UK): Declined -19.04 points (+0.40%) to 4,751.81, as UK equities showed resilience despite global uncertainties.
- FTSE MIB (Italy): Gained +376.86 points (+1.00%) to 37,908.05, supported by strength in banking and energy stocks.
The FTSE MIB in Italy and the CAC 40 in France both saw noteworthy strength, but the IBEX 35 in Spain performed more mutedly. Expectations that the European Central Bank could continue to take a cautious approach to future policy actions were strengthened by the stable German inflation statistics, while the UK FTSE 100 tumbled 1% lower after the UK GDP report.
Germany’s Inflation Data (January Final CPI)
- Consumer Price Index (CPI): Confirmed at +2.3% y/y, in line with preliminary estimates, but lower than +2.6% in the prior month.
- Harmonized Index of Consumer Prices (HICP): Also held steady at +2.8% y/y, matching initial projections and previous figures.
Top Gainers in the DAX Index
- Volkswagen AG (VW): Up 6.44% to €99.78, leading the DAX as investors react positively to strong earnings guidance and potential expansion into EV markets.
- BMW AG: Gained 6.06%, reaching €80.86, amid increased demand for premium EV models and strong international sales figures.
- Continental AG: Up 5.80% to €69.68, benefitting from supply chain improvements and renewed optimism in the auto parts sector.
- Mercedes-Benz Group AG: Increased 5.40% to €61.13, driven by strong quarterly earnings and growing luxury EV demand.
- BASF SE: Rose 5.30% to €50.85, reflecting improved sentiment in the chemicals sector as energy costs stabilize.
Other Notable Gainers
- Porsche AG (Pfd.): Up 4.50% to €57.54, supported by strong sales and increased brand value in the high-performance EV segment.
- Deutsche Post AG (DHL): Gained 4.44%, closing at €36.97, as e-commerce demand remains resilient, boosting logistics revenue.
- Porsche Automobil Holding SE (Pfd.): Increased 4.33% to €37.87, following positive sentiment around Volkswagen’s growth prospects and the broader automotive sector.
German Index Dax Live Chart
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Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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Today we have more inflation reports from several countries, UK GDP and the usual trade tariff talk, which will drive markets around.
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