FX.co ★ DAX Gains On Mixed Earnings, Data

Tuesday saw an increase in the trading of Germany's stocks as investors reacted to complex economic indicators and profit reports. Unexpectedly, Germany's factory orders fell in March, attributable to reduced domestic demand, according to data sourced from Destatis.

Factory orders slipped by 0.4% on a monthly basis, a surprising development given expectations for a rise of 0.4%. However, the decline slowed since February's revised drop of 0.8%. Annually, the slowdown in factory orders eased to 1.9%, a significant reduction from the 8.8% decrement experienced in the previous month.

Contrastingly, another dataset showed a rapid rebound of Germany's exports in March, while growth in imports decelerated significantly. On a monthly basis, exports improved by 0.9%, overturning a 1.6% fall in February. Predictions were that shipments would rise by 0.4%.

Meanwhile, monthly imports grew by just 0.3%, a slump from February's 3.0% rise. Yet, this outcome surpassed the anticipated decrease of 1.0%. As a result, the trade surplus in March climbed to EUR 22.3 billion from EUR 21.4 billion the preceding month, although this figure fell just below economists' expected EUR 22.4 billion.

Unfortunately, on an annual basis, export dropped 8.3%, following a 1.1% decrease, and the dip in imports sank further to 9.6% from 6.7%.

In related news, the benchmark DAX grew by 77 points or 0.4%, sitting at 18,252 points following a 1% rise in the previous trading session.

In the corporate sphere, despite lowering its revenue forecast for the current fiscal year, shares in semiconductor-maker Infineon Technologies AG surged by 9%. Conversely, software developer TeamViewer's share price fell nearly 8% following Q1 revenue and profit reports falling short of projections.

Siemens Healthineers, a health technology company, also suffered a decline in share price, tumbling 3.7% after Q2 revenue did not meet expectations.

Finally, online fashion retailer, Zalando, shot up 7.2% after demonstrating growth in the first quarter and maintaining its full-year projections.