ThyssenKrupp Marine Systems Debuts Strongly on Stock Market, Dax Index Breaks 24,000
ThyssenKrupp Marine Systems (TKMS) made its stock market debut today, spinning off from ThyssenKrupp. Meanwhile, Germany's Dax index continues its recovery, boosted by positive signals from the construction sector and Asian markets.
TKMS's stock opened at 60 Euro and surged to a day high of around 107 Euro. The Dax, meanwhile, broke above the psychologically significant 24,000 point mark, trading above its 50- and 100-day moving averages. This suggests a continued recovery, supported by a 1.1 percent rise on Monday morning to 24,107 points. Germany's construction climate index reached a two-year high, indicating optimism in the sector. However, the producer price index fell by 1.7 percent in September, more than anticipated. In global news, China's GDP growth slowed to 4.8 percent in the third quarter. The US earnings season continues with mainly second-tier companies reporting.
ThyssenKrupp Marine Systems' stock market debut was successful, with its shares rising significantly. The Dax index continues to recover, boosted by positive signals from the construction sector and Asian markets. However, concerns remain about the producer price index and China's slowing GDP growth.
