- German DAX gains 0.5% and establishes new ATH
- Rheinmetall and Lithuania have begun construction of a major artillery ammunition plant in Baisogala.
- BMW is reportedly set for a leadership change, with former CFO Nicolas Peter expected to succeed Norbert Reithofer as Chairman of the Supervisory Board at the May 2025 AGM
- E.ON has successfully completed its first Yen private placement in 15 years.
General market situation: European markets are showing mixed performance today, led by Italian ITA40 (+0.77%) and German DE40 (+0.50%). The Spanish SPA35 and Polish WIG20 are both up +0.36%, while the pan-European EU50 has gained +0.35%. The French FRA40 (+0.32%) and Dutch NED25 (+0.15%) are also in positive territory. However, some markets are showing weakness, with the Swiss SUI20 (-0.10%), UK’s UK100 (-0.19%), and Austrian AUT20 (-0.76%) trading in negative territory.
Dax Returns by Sector. Source: Bloomberg Financial LP
Looking at the German DAX sector performance, the market shows a mixed picture with seven sectors in positive territory and three in negative territory. Information Technology leads the gains (+0.82%), followed by Industrials (+0.80%) and Financials (+0.60%). Real Estate and All Securities are both up +0.54%, while Consumer Discretionary (+0.52%) and Communication Services (+0.16%) show more modest gains. Consumer Staples is barely positive (+0.08%), while Utilities (-0.05%), Health Care (-0.09%), and Materials (-0.12%) are in negative territory. The aggregate DAX performance shows a gain of +0.54%, with market breadth indicating a moderately positive bias despite the sector-level divergence.
Volatility is currently observed in the broader European market. Source: xStation
The German DE40 Index is trading at its all-time high, supported by strong bullish momentum. The RSI is entering overbought territory with conviction, reflecting sustained upward strength, while the MACD continues to expand, nearing overbought levels.
For bears to regain control, the October high at 19,783 would need to be retested. A break below this level could lead to a retest of the early November high at 19,525, which aligns closely with the 50-day SMA at 19,438, providing a critical support zone. Source: xStation
News
- E.ON (EOAN.DE) has successfully completed its first Yen private placement in 15 years, raising ¥16 billion (approximately €100 million) with a 2030 maturity. The bond was converted to euros at around 3% yield, with CFO Nadia Jakobi confirming the company’s annual funding range remains at €3.5-5 billion.
- Rheinmetall (RHM.DE) and Lithuania have begun construction of a major artillery ammunition plant in Baisogala. The €180 million facility will produce tens of thousands of 155mm rounds annually when operations begin in mid-2026. The 340-hectare site represents a significant step in Lithuania’s defense strategy and aims to reduce dependence on international arms markets.
- MFE-MediaForEurope is reportedly preparing a major move in German media, seeking a €3.4 billion loan arrangement through UniCredit for a potential ProSiebensat1 (PSM.DE) bid in 2025. The financing consortium is expected to include major banks such as BNP Paribas, Deutsche Bank, and Intesa Sanpaolo, each contributing around €567 million.
- Hugo Boss (BOSS.DE) received a boost from UBS, which upgraded the stock to “Buy” with a €49 price target, implying 20% upside. The upgrade reflects expectations of recovery in consumer spending across EMEA and North America, with analysts noting the company’s favorable positioning in the premium segment and limited exposure to China’s uncertain market conditions.
- BMW (BMW.DE) is reportedly set for a leadership change, with former CFO Nicolas Peter expected to succeed Norbert Reithofer as Chairman of the Supervisory Board at the May 2025 AGM, according to Handelsblatt. Peter, who served as CFO from 2017 to 2023, is currently a supervisory board member at Kion. The supervisory board is expected to make this recommendation at an upcoming meeting.
Other news coming from individual DAX index companies. Source: Bloomberg Financial LP
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