DE40: European stocks gain at the start of the week 📈

Overall market situation:

Markets are resuming trading after the weekend. European index futures are trading higher. The German DAX is currently up 0.51% in the cash market, while the French CAC40 is adding 0.63%.

The economic calendar for today's session is relatively empty. Investors will focus on the upcoming comments on tariffs and quarterly earnings of listed companies.

Distribution of today's European company returns. Source: xStation

The German DE40 index is up 0.14% today on an intraday basis. The contract is holding above the 50-day EMA (blue line) and completely erasing the massive declines that started on April 2. From a technical perspective (exponential EMA), the DE40 is resuming its uptrend. Source: xStation

News:

Infineon (IFX.DE) faces AI revenue threat from TSMC. At the 2025 Technology Symposium, TSMC unveiled a new design that includes integrated power management chips inside the AI ​​processor, delivering 5x higher power density compared to discrete chips from Infineon and its competitors.

Porsche (P911.DE) will report its quarterly results tomorrow before the European session. Analysts are forecasting the company’s operating profit to be €838.2 million, while revenue is expected to reach €8.98 billion. The implied 1-day change in Porsche’s share price on the day of the release is expected to be 3.7%.

Marks & Spencer (MKS.UK) shares are down nearly 2.5% today after the company was forced to stop taking online orders following a cyberattack.

Shares of British food delivery company Deliveroo (ROO.UK) rose 17% after the company said it had received a $3.6 billion takeover offer from U.S. peer DoorDash (DASH.UK). The proposed offer, which DoorDash must confirm by May 23, represents a 22.8% premium to Deliveroo’s closing share price on Friday.

More German news. Source: Bloomberg Financial LP