DAX Outperforms in Europe
2025-11-24 16:57
By
Luisa Carvalho
1 min. read
Germany's DAX pared some early gains but ended 0.6% higher at 23,253, outpacing its European peers and recouping part of last week’s steep losses.
Sentiment was supported by growing expectations of a potential Fed rate cut in December, following comments from Governor Waller, as well as cautious optimism around Ukraine's peace deal.
This came despite lingering fears of a speculative bubble in the tech sector, particularly among AI-related stocks.
Meanwhile, Germany’s Ifo business climate index unexpectedly deteriorated in November.
Bayer shares stood out with a 10.7% gain, reaching their highest level in nearly 14 months, after reporting encouraging clinical results for its stroke-treatment anticoagulant, Asundexian.
Other top performers included Siemens Energy (+5.6%), Infineon Technologies (+3.7%), BMW (+2.3%) and Fresenius Medical Care (+2.1%).
By contrast, defense stocks including Rheinmetall (-5%) saw the biggest declines.