Deutsche Bank: German blue-chip stocks achieve best profit growth in over two years

Deutsche Bank stated that compared to the same period last year, the first-quarter profits of DAX index component companies grew by 5%. These strategists noted that the financial sector performed the best, with profits increasing by one third, while the industrial and automotive sectors declined by 20% and 15% respectively. The strategists added that although analysts are lowering profit expectations for DAX index components due to the Middle East conflict, the average expectation still anticipates improvement in the second half of the year, partly thanks to Germany’s fiscal stimulus measures.