German equities advanced on Monday, pushing the DAX index to a fresh record, buoyed by stronger-than‑expected factory orders and optimism over earnings and easing inflation.
The index reached a new peak of 25,902.91 before easing modestly to 25,845.22, a gain of 47.74 points (0.18%) at midday.
Top performer was Scout24, climbing 2.75%. SAP and Deutsche Boerse both rose close to 2% compared with the previous close.
Gains of 1% to 1.8% were seen in Rheinmetall, Adidas, Fresenius, Zalando, Hannover Re, Beiersdorf and Munich Re. Additional rise of around 1% was recorded for Vonovia, Siemens Healthineers, Daimler Truck Holding, Symrise, Deutsche Telekom, Mercedes‑Benz, Volkswagen, Fresenius Medical Care, Commerzbank and BMW.
Declining stocks included Infineon Technologies, down almost 2%; Hochtief and Continental falling 1.7% and 1.4% respectively; and Siemens Energy, Siemens, RWE and Merck each losing between 0.4% and 1%.
May factory orders rose 1.9% month‑on‑month, surpassing the 1.1% forecast and reversing April’s revised 3.2% decline, according to Destatis.
Excluding large‑scale contracts, new orders were up 1% from April.
The construction sector continued to contract in June, though at a slower rate, a S&P Global purchasing managers’ survey indicated.
The S&P Global Construction PMI rose to 44.8 in June from 42.4 in May, marking its highest level since March.
