DAX Advances to New Highs

2025-10-09 11:39 By Luisa Carvalho 1 min. read

Germany's DAX gained ground on Thursday, rising 0.5% to cross the 24,700 mark, a fresh record high, buoyed by expectations of US rate cuts following the Fed’s latest minutes, despite recent weak domestic data.

Latest trade data showed Germany's exports declined unexpectedly and imports dropped more than forecast in August.

Meanwhile, traders continued to track news about the political situation in France, and the Gaza peace plan.

On the corporate front, Heidelberg Materials led the gains, rising nearly 3%, followed by Bayer (+2.4%) after reporting encouraging 36-month Phase I data for its Parkinson’s cell therapy bemdaneprocel.

Auto stocks were also among the top advancers.

BMW rose about 1.7% after yesterday’s sharp drop on a profit warning, while Daimler Truck, Mercedes-Benz, and Volkswagen gained 1–1.2%, and Porsche Automobil Holding climbed nearly 0.8%.



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