German stocks held steady on Tuesday after a survey showed German consumer confidence is set to improve in April.
The forward-looking consumer confidence index rose to -27.4 in April from revised -28.8 in March, according to a survey conducted by the market research group GfK and the Nuremberg Institute for Market Decisions (NIM).
The benchmark DAX was marginally higher at 18,262 after edging up 0.3 percent in the previous session.
Wacker Neuson SE, a construction equipment and machinery maker, fell nearly 2 percent after saying it is facing high levels of uncertainty due to volatile political and economic developments.
For the full year, the company expects growth to be either flat or a tad lower in all its regions and segments.
Wind turbines maker Nordex SE gained 1 percent after it won an order to supply and install 57 N163/5.X turbines from the Delta4000 series in South Africa to an unnamed customer.
Valneva SE added 1.5 percent. The specialty vaccine company said it has started a Phase 1 study to evaluate the safety and immunogenicity of VLA1601, the company’s second-generation adjuvanted inactivated vaccine candidate against the Zika virus (ZIKV).
DAX Holds Steady As Consumer Confidence Improves
2024-03-26 08:53:03
