14 March, 2019
The German stock market traded upwards in the European session as the markets again digest the latest Brexit developments in the UK. European markets were more optimistic after the UK parliament rejected a no deal Brexit, lessening the chances of tariffs appearing between the UK and the EU at some point in the future. On the release front, eurozone industrial production was better than expected and supported the GER30. The indicator jumped 1.4%, above the estimate of 1.0%. Meanwhile European investors will be keeping an eye on UK parliament which is voting on and is expected to reject a no-deal Brexit today. Among the winners of the day were Adidas up 2.93%, Deutsche Telekom climbing 0.96% and RWE AG ST growing 0.42%. Among the losers were Lufthansa, crashing 4.93%, E ON SE declining 0.69% and BASF, down 0.60%.