DAX Rallies Amid China Covid Relief


Source: finanznachrichten.de finanznachrichten.de

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BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - German stocks rallied on Tuesday after Shanghai, China's largest city, pledged to gradually ease its Covid lockdown and return life to normal in June. The benchmark DAX jumped 210 points, or 1.50 percent, to 14,174 after declining half a percent the previous day. Travel-related stocks were in demand, with airline Lufthansa climbing nearly 3 percent. Daimler Truck Holding soared 5.3 percent. The commercial vehicle manufacturer raised its full-year revenue guidance and backed its margin guidance for the year, despite rising raw materials prices and inflationary pressures. Asian markets ended mostly higher and U.S. stock futures pointed to...