DAX starts the week weak - Automotive stocks under significant pressure after profit warnings from Volkswagen and Porsche - ASML benefits from Morgan Stanley upgrade - Metsera jumps after report on Pfizer's billion-dollar bid!
Reading Time: 6 minutes
The DAX must connect to its weak performance from Friday at the beginning of the new trading week and is presenting with price declines. After starting the morning with slight losses, the German leading index is down nearly -0.82% by noon. The stock of Volkswagen (-8.07%) is showing a noticeably weaker performance at the start of trading, following a shock profit warning from the Wolfsburg carmaker on Friday. Other heavyweights in the automotive sector, such as Mercedes-Benz and BMW , are also presenting with more significant declines. However,...
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