DAX Snaps 5-Day Decline

2025-11-20 08:50 By Luisa Carvalho 1 min. read

Germany's DAX rose more than 1% to cross 23,400 on Thursday, after five consecutive sessions of losses, in line with other European peers.

Nvidia’s better-than-expected earnings and upbeat outlook, powered by the surge in artificial intelligence, have eased fears of a tech-stock bubble and helped reinvigorate market sentiment.

Meanwhile, investors digested the release of September's US labor market data, postponed due to the prolonged shutdown, which could influence the Federal Reserve's final interest rate decision of the year.

Siemens Energy shares jumped nearly 7% to a record high, after the company unveiled a €6 billion ($6.9 billion) buyback programme by the end of its fiscal year 2028.

Rheinmetall, Qiagen and RWE followed, up 5.3%, 2.6% and 2.5%, respectively.

The tech sector also advanced, with Siemens, Infineon Technologies and SAP posting gains of up to 1%.



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