European Stocks in The Green While Car Sales Slump Across The Region
Overall market situation: European stocks are gaining in today’s session after the German IFO survey indicated an improvement in business sentiment in the region’s largest economy, days after news of party approval in the Bundestag for the implementation of changes to the debt ceiling and €500 billion in investments in the arms and renewable energy sectors. Most regional stock markets are gaining today, led by Polish, Portuguese and Spanish stocks. Energy stocks are up an average of 1.1% as oil prices rose for a fifth day in a row on supply concerns after the US announced tariffs on countries buying Venezuelan crude.
The broader European market is seeing positive investor sentiment. Source: xStation
The German DE40 index is up 0.7% intraday today. The most important support for the index remains the 50-day EMA (blue line on the chart) and the support area of the consolidation zone near 22,250 points. Technically, DE40 continues to maintain a stable upward trend. Source: xStation
News:
1. A study by the Munich-based Ifo Institute showed that the business sentiment index rose to 86.7 in March, in line with economists’ forecasts, from 85.2 the previous month. Germany’s plans to invest hundreds of billions of euros in defense and infrastructure have led to an improvement in the eurozone economy, helping European stocks outperform their US counterparts this year. Investors are also paying attention to the US trade policy, which has shaken global markets. An optimistic solution to this topic is currently provided by US President Donald Trump himself, who said yesterday that not all tariffs will be imposed on April 2, and that some countries may receive exemptions.
2. European car sales fell by the fastest pace in five months in February as economic uncertainty prompted consumers to hold back on major purchases.
New car registrations fell 3.1% from a year earlier to 963,540 units, the European Automobile Manufacturers Association reported on Tuesday. Source: Bloomberg Financial LP
The situation was slightly different in the EV market, where sales rose 26% as carmakers promoted them to meet stricter EU emissions rules. However, the growth did not include Tesla, for which new registrations fell 40%.
Source: Bloomberg Financial LP
However, despite the weaker data overall, individual sales increases from brands such as Renault and BMW and a general rebound in the European market posed a boost for European automotive stocks. Source: XTB
3. Jenoptik (JEN.DE) shares are down nearly 3% today after the tech company announced cautious 2025 targets amid huge uncertainty surrounding the economy and markets. In addition, the announced dividend increase was lower than expected.
The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.
