DAX Rises to 1-Month High
2025-11-12 14:49
By
Luisa Carvalho
1 min. read
Germany's DAX extended initial gains to close about 1.2% up at 24,381 on Wednesday, its highest level since October 13, marking the third session of gains.
Markets maintained a positive tone amid expectations of a US government reopening, anticipated rate cuts by the Federal Reserve and strong corporate results.
Shares of RWE surged nearly 9% to record highs after strong results and CFO's remarks on data center growth opportunities.
Infineon jumped 6.8% after the chipmaker announced a turnaround to profit in Q3 and significantly raised its 2026 sales target for the AI power supply segment.
Bayer added 6.3% after also reporting stronger-than-expected results.
Brenntag followed, rising 4.5%, as the German chemicals distributor delivered better-than-expected quarterly results.
On the flip side, E.ON slipped 3.6% after a steep fall in nine-month profit, even as it confirmed its 2025 guidance.