DAX Advances As Automobile, Bank Stocks Gain

(RTTNews) - Despite uncertainty about the U.S. and China signing an interim trade deal, German stocks are moving higher Tuesday morning.

The benchmark DAX is up 64.40 points, or 0.5%, at 13,271.41.

On Monday, the index ended down 0.26%.

Shares from automobile, bank and construction sectors are among the prominent gainers. Technology and telecommunications shares are weak.

Deutsche Bank, Continental, MTU Aero Engines and BMW are gaining 1 to 1.2%.

Volkswagen is rising 1.05%. Volkswagen parts supplier Prevent has filed a lawsuit alleging the automaker used anti-competitive tactics to stop larger suppliers from acquiring smaller rivals in the United States.

SAP, Deutsche Post, Henkel, Lufthansa, Munchener and Daimler are moving up 0.5 to 0.9%, while Deutsche Telekom and Infineon Technologies are lower by 0.6% and 0.45%, respectively.

Daimler, Volkswagen, Allianz, Siemens, SAP, RWE and Deutsche TeleKom are among the most actively traded stocks this morning.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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