FRANKFURT: Deutsche Bank AG regains its spot in the eurozone’s main stock benchmark, seven years after being cast out of the gauge.
The German lender joins Siemens Energy AG and Belgian-listed biotech Argenx SE in being promoted to the Euro Stoxx 50, index compiler ISS Stoxx said on Monday.
They replace 5G gear-maker Nokia Oyj, carmaker Stellantis NV and cognac producer Pernod Ricard SA, all of whom have seen their shares hit by US President Donald Trump’s tariffs.
Deutsche Bank has been absent from the Euro Stoxx 50 since 2018, losing its spot just a few months after current chief executive officer Christian Sewing took the helm.
It’s taken a 2025 rally in Europe’s lenders for it to regain its place, with Deutsche Bank itself more than doubling over the past 12 months.
Siemens Energy, another German addition to the benchmark, has more than tripled since last September and was one of the best-performing stocks in Europe last year amid a boom in electricity demand.
The firm said recently that it expects to reach the upper end of its full-year guidance thanks to gas turbine and grid equipment orders.
Argenx shares have gained 30% in the past year thanks to positive updates from the cancer and autoimmune disease specialist on sales and clinical data.
Analysts are still keen on the Belgian firm, giving it almost a clean streak of “buy” ratings and seeing significant upside to its share price.
By contrast, Nokia shares have fallen about 7% in the past year as the Finnish company tackles Trump’s tariffs and the impact of the weaker US dollar, lowering its profit guidance in July.
Stellantis is down more than 46% in 12 months, with tariff mayhem only adding to its woes as it attempts to improve its sales in the United States and Europe, taking around six months to replace the chief executive officer it ditched in December.
Pernod Ricard stock has dropped 24% since the last annual review of the index, with it and its European peers among the first corporate casualties of a global trade war, targeted by China and the United States.
Still, August earnings were a bright spot, topping analyst expectations.
The latest changes to the Euro Stoxx 50 follow German defence company Rheinmetall AG being fast-tracked into the gauge in June, at the expense of Gucci owner Kering SA.
The index compiler also announced changes to the broader Stoxx 600 Index on Monday, including the addition of French biotech company Abivax SA following a more than 850% gain in its shares in July. — Bloomberg
