Airbus Shares Rise 3% on Potential Orders From China While The Dax Extends Gains by 0.4%

Futures on U.S. indices are posting slight gains today, while positive sentiment from Wall Street is spilling over into European markets. The market is also reacting positively to the approval of a €46 billion corporate tax relief package in Germany for the years 2025–2029. The package aims to stimulate growth in Europe’s largest economy. May PMI releases indicated that Germany’s services sector recorded its sharpest decline in activity in over two years.

The German stock market continues to rise; the DE40 futures contract is up 0.4%.

• Final services PMI data from Germany came in slightly below expectations, while eurozone readings exceeded forecasts
• Shares of Thyssenkrupp, Nanorepro, SFC Energy, and Kion are gaining around 3–4%
• Shares of Redcare Pharma and flatexDEGIRO are under selling pressure
• Chinese airlines are reportedly planning to order hundreds of Airbus aircraft starting next month; shares are rising

DE40 (H1 timeframe)

Futures on the DAX (DE40) are up nearly 0.4%, maintaining their upward trend. However, reaching the 24,400-point level triggered a limited downward move.

Source: xStation5

Airbus shares (D1 timeframe)

Airbus shares have moved back above the 200-session moving average and are reversing the April sell-off, attempting to break past historic highs. The rise toward €173 per share has brought some selling pressure, and it’s likely that breaking above this level will be key for the stock, with a potential breakout scenario if buyers gain control.

Source: xStation5

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